Sinochem May Appeal Italian Curbs on Its Pirelli Stake
Chinese firm Sinochem said on Monday it may appeal Italian government curbs on its influence over tyre maker Pirelli. The company aims to protect its rights.
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SINOCHEM INTL CORP-A, a state-backed conglomerate from China, has announced its intention to potentially challenge a series of restrictions imposed by the government of Italy regarding its investment in PIRELLI & C SPA. The move follows Rome's decision to curb the influence of the Chinese shareholder over the renowned tyre manufacturer.
