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Story summary
- China's Sinochem, Pirelli's largest shareholder with 34.1% stake, proposed a 'structured solution' to resolve the governance dispute with Camfin and address U.S. regulatory concerns tied to expansion.
- Camfin, owning 25.3% and seeking to increase its stake, argues Sinochem's involvement hinders Pirelli's U.S. growth.
- Camfin says Sinochem's proposal could damage Pirelli's business model and has proposed its own alternative.
- Italy's government may intervene under 'golden power' legislation to safeguard national interests.
