Italy sets new curbs on Sinochem over Pirelli governance
Italy has introduced new measures to limit Sinochem's influence over tyre maker Pirelli. These rules restrict board nominations to just three total candidates.
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The government of Italy has introduced new restrictions on SINOCHEM INTL CORP-A in an attempt to resolve a governance dispute at the tire manufacturer PIRELLI & C SPA. The decision follows a period of friction between the company's major shareholders over the control and management of the firm.
