Meloni Seeks to Shrink Chinese Holdings at Key Italian Companies

(Bloomberg) — Giorgia Meloni’s government is considering plans to curb Chinese investors’ holdings at key companies to avoid potential tensions with the US. Italy’s efforts would involve firms that are considered strategic, both privately held and state-controlled, according to people familiar with the matter. Tiremaker Pirelli & C. SpA, where China’s state-owned Sinochem International Corp. has a 37% holding, is one of the most notable examples of Meloni’s government strategy, said the people, who spoke on the condition of anonymity.

Source: Financial Post