Pirelli

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

2 months ago

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.

Pirelli's Major Shareholder Under Investigation for Alleged Violations of China's Regulatory Framework

7 months ago

In a significant unfolding in the world of corporate governance, Pirelli, the renowned tire manufacturer, finds itself at the center of a mounting investigation involving one of its top investors. The focus has shifted to a probe concerning potential breaches of regulations governing foreign investments in China. This investigation could wield considerable consequences not only for the investor in question but also for Pirelli and its operations within the lucrative Chinese market.

Brembo Divests Entire Stake in Italian Tiremaker Pirelli

8 months ago

News that Brembo SpA, an Italian maker of high-performance braking systems, has set a high bar with the sale of its entire stake in the well-established Italian tiremaker Pirelli & C. SpA sent ripples throughout the Italian automotive sector. This recent deal has thrown Brembo's investment strategy into a new light, consequently raising eyebrows among market players.