Pirelli, Sinochem Mull Cutting Chinese Stake in Tiremaker to 10%

Pirelli & C. SpA is in talks with its largest shareholder, China’s Sinochem Group, over options that include reducing the Chinese conglomerate’s stake in the Italian tiremaker to about 10% to ease concerns over access to the US market, according to people familiar with the matter....

Redirecting to full article...