Reported about 16 hours ago
Pirelli's board plans to approve an agreement stating that China's Sinochem, the tire maker's largest investor with a 37% stake, will no longer be considered as having control over the company's governance. This resolution aims to address existing tensions between Chinese and Italian shareholders, which have hindered Pirelli's expansion efforts in the U.S. The decision is expected during the upcoming board meeting focused on the company's 2024 financial report.
Source: YAHOO