
Pirelli set to declare end of Chinese investor’s control over governance, paper says
MILAN (Reuters) -Pirelli’s board is expected to approve on Monday an accord between shareholders to establish that the group’s largest investor, China’s state-owned Sinochem, does not exercise control over the tyre maker, an Italian daily said.Chinese and Italian shareholders in Pirelli have been at odds over the group’s governance, with Sinochem posing a hurdle to Pirelli’s U.S. expansi ...