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Pirelli: Italy blocks Chinese control of tyre giant

2023-06-19 03:17
It comes as tensions between Beijing and the West are in focus as the US secretary of state visits China.
Pirelli: Italy blocks Chinese control of tyre giant

Italy has moved to block a Chinese state-owned company from taking control of tyre making giant Pirelli.

The decision is part of measures announced by Italy's government to protect Pirelli's independence.

Beijing-controlled chemical giant Sinochem is Pirelli's biggest shareholder, with a...