Pirelli, Sinochem Mull Cutting Chinese Stake in Tiremaker to 10%
Market Intelligence Analysis
AI-PoweredPirelli is in talks with its largest shareholder, Sinochem, to potentially reduce Sinochem's stake in the company to 10% to alleviate concerns over US market access.
Market impact analysis based on neutral sentiment with 80% confidence.
Article Context
Pirelli & C. SpA is in talks with its largest shareholder, China’s Sinochem Group, over options that include reducing the Chinese conglomerate’s stake in the Italian tiremaker to about 10% to ease concerns over access to the US market, according to people familiar with the matter.
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