Italy Blocks Chinese Control of Tyre Giant Pirelli 

Italy has moved to block a Chinese state-owned company from taking control of tyre-making giant Pirelli. <br />Beijing-controlled chemical giant Sinochem is Pirelli's biggest shareholder, with a 37% stake in the 151-year-old Milan-based firm. <br />Pirelli says to investors that the Italian government had ruled that only Camfin - a company controlled by Pirelli's boss Marco Tronchetti Provera - could nominate candidates to be its chief executive. <br />Pirelli says the government had decided that any changes to the company's corporate governance should be subject to official scrutiny.<br /><br />This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at <a href="https://www.spreaker.com/show/4166630/advertisement">https://www.spreaker.com/show/4166630/advertisement</a>