Finance
Italy on right track to solve Pirelli's governance issues, minister says
Published by Global Banking & Finance Review®
Posted on October 31, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 31, 2025
1 min readLast updated: January 21, 2026
Italy is making progress on Pirelli's governance issues, with concerns over Sinochem's shareholding affecting US expansion plans.
MILAN (Reuters) -Italy's government is "on the right track" to find a solution to tyremaker Pirelli's governance issues, Italian Industry Minister Adolfo Urso said on Friday, as he visited a company facility in Milan.
Pirelli's Italian investor Camfin has complained that having China's Sinochem as its main shareholder was hindering U.S. expansion plans, as Washington is tightening restrictions on Chinese technology in the automotive sector.
(Reporting by Giulio Piovaccari, writing by Sara Rossi, editing by Alvise Armellini)
Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled, ensuring accountability and transparency in its operations.
An investor is an individual or entity that allocates capital with the expectation of receiving financial returns, typically through purchasing stocks, bonds, or other financial instruments.
Shareholding refers to the ownership of shares in a company, which represents a claim on part of the company’s assets and earnings.
International capital refers to the financial resources that flow across borders for investment purposes, including foreign direct investment and portfolio investment.
The automotive industry encompasses all companies and activities involved in the design, development, manufacturing, marketing, and selling of motor vehicles.
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