ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

PIRC Pirelli & C SpA

5.52
0.046 (0.84%)
02 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Pirelli & C SpA BIT:PIRC Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.046 0.84% 5.52 5.452 5.52 5.518 5.462 5.514 757,682 17:00:00

Pirelli Says Italian Government Curbs Powers of Major Shareholder Sinochem

19/06/2023 7:52am

Dow Jones News


Pirelli & C (BIT:PIRC)
Historical Stock Chart


From Jan 2023 to Jan 2025

Click Here for more Pirelli & C Charts.
   By David Sachs 
 

Pirelli said Sunday that the Italian government has limited the influence of Chinese state-owned company Sinochem, a major shareholder in the company, including its ability to nominate a new chief executive.

The Italian tire maker said that China National Tire and Rubber Corp., a company of Sinochem Group, must give Pirelli full autonomy in regard to its strategic, industrial and financial plans.

The decision falls under Italy's "golden power" rule that allows the government to intervene in matters deemed to be in the national public interest. Pirelli's technology is also protected by the ruling, the company said.

 

Write to David Sachs at david.sachs@wsj.com

 

(END) Dow Jones Newswires

June 19, 2023 02:37 ET (06:37 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

1 Year Pirelli & C Chart

1 Year Pirelli & C Chart

1 Month Pirelli & C Chart

1 Month Pirelli & C Chart