China’s Sinochem says it has proposed a ‘solution’ to end governance dispute over Pirelli

Pirelli’s Chinese shareholder Sinochem said on Monday it had put forward a “structured solution” ‌to end a governance dispute with the tyre maker’s ‍Italian investor Camfin. The announcement was made as the Italian government assesses options to limit Sinochem’s influence over Pirelli, or even turn it into a passive shareholder, in ⁠a bid to ease the tyre maker’s US expansion. Beijing-controlled Sinochem is Pirelli’s largest shareholder with a 34.1 per cent stake while Camfin, the vehicle of...