China's Sinochem says may appeal to court over Italy's curbs on its Pirelli stake

Sinochem said it may file a legal appeal against Italy's curbs designed to limit its influence over tyre maker Pirelli. The move raises governance and regulatory uncertainty around the Chinese shareholder's role in the company. The news is mildly negative for Pirelli and potentially relevant to Italy-China investment relations.

Analysis

Sinochem said it may file a legal appeal against Italy's curbs designed to limit its influence over tyre maker Pirelli. The move raises governance and regulatory uncertainty around the Chinese shareholder's role in the company. The news is mildly negative for Pirelli and potentially relevant to Italy-China investment relations.