Pirelli's Board Pursues Strategy to Diminish Stake of Chinese Parent Sinochem

Pirelli, the renowned Italian tire manufacturer, is actively exploring measures to reduce the stake of its Chinese parent company, Sinochem International Corp. as part of a broader strategy to regain control over its operations and strengthen its financial resilience. This development signals a significant shift in the governance of one of the most recognized names in tire production, reflecting Pirelli's pursuit of greater independence in a competitive market.

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