Italy tightens grip on Pirelli, curbs Sinochem stake

On 2026-04-12, Italy used golden power powers to impose curbs on Sinochem’s role in Pirelli, limiting its board nomination rights while the Chinese state-linked investor remains Pirelli’s largest shareholder. The measures were aimed at resolving a governance dispute and addressing concerns over Pirelli’s US expansion amid restrictions on Chinese technology in the automotive sector.