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Home > Finance > Italy's Pirelli investor Camfin says it will not renew shareholder pact with Sinochem

Italy's Pirelli investor Camfin says it will not renew shareholder pact with Sinochem

Published by Global Banking and Finance Review

Posted on January 23, 2026

1 min read

Last updated: January 23, 2026

Italy's Pirelli investor Camfin says it will not renew shareholder pact with Sinochem - Finance news and analysis from Global Banking & Finance Review

Tags:corporate governance equity investment

Quick Summary

Camfin will not renew its shareholder agreement with Sinochem, as Italy's government evaluates Sinochem's influence on Pirelli amid US expansion efforts.

Camfin Will Not Extend Shareholder Agreement with Sinochem for Pirelli

Camfin's Decision on Shareholder Pact

MILAN, Jan 23 (Reuters) - Italy's Pirelli investor Camfin said on Friday it would not renew its shareholder pact with China's Sinochem.

Government's Role in Pirelli's Governance

The decision comes as the Italian government is assessing options to limit Sinochem's influence over Pirelli, or even turn it into a passive shareholder, as part of efforts to facilitate the tyremaker's U.S. expansion.

Stakeholder Dynamics Between Camfin and Sinochem

"It was not possible to find solutions with Sinochem to adapt company's governance to U.S. regulatory requirements," Camfin said in a statement.

Reuters reported last week that the top two investors were set to let their shareholder agreement lapse, according to two sources close to the matter.

Beijing-controlled Sinochem is Pirelli's largest shareholder with a 34.1% stake while Camfin, the vehicle of Italian businessman Marco Tronchetti Provera, holds a 25.3% stake, with plans to increase it up to 29.9%.

(Reporting by Sara Rossi, editing by Gianluca Semeraro)

Key Takeaways

•Camfin will not renew its shareholder pact with Sinochem.
•The Italian government is assessing Sinochem's influence on Pirelli.
•Camfin seeks to adapt Pirelli's governance to US regulations.
•Sinochem holds a 34.1% stake in Pirelli.
•Camfin plans to increase its stake in Pirelli.

Frequently Asked Questions about Italy's Pirelli investor Camfin says it will not renew shareholder pact with Sinochem

1What is corporate governance?

Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled, ensuring accountability and transparency in its operations.

2What is equity?

Equity represents ownership in a company, typically in the form of stocks or shares, which entitles shareholders to a portion of the company's profits and assets.

3What is a shareholder pact?

A shareholder pact is a legal agreement among shareholders that outlines their rights and obligations, including how decisions are made and how shares can be sold or transferred.

Camfin's Decision on Shareholder Pact

MILAN, Jan 23 (Reuters) - Italy's Pirelli investor Camfin said on Friday it would not renew its shareholder pact with China's Sinochem.

Government's Role in Pirelli's Governance

Stakeholder Dynamics Between Camfin and Sinochem

"It was not possible to find solutions with Sinochem to adapt company's governance to U.S. regulatory requirements," Camfin said in a statement.

Reuters reported last week that the top two investors were set to let their shareholder agreement lapse, according to two sources close to the matter.

(Reporting by Sara Rossi, editing by Gianluca Semeraro)

Frequently Asked Questions

1What is corporate governance?

Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled, ensuring accountability and transparency in its operations.

2What is equity?

Equity represents ownership in a company, typically in the form of stocks or shares, which entitles shareholders to a portion of the company's profits and assets.

3What is a shareholder pact?

A shareholder pact is a legal agreement among shareholders that outlines their rights and obligations, including how decisions are made and how shares can be sold or transferred.