MILAN: Pirelli's CEO said in a recent private meeting that he is 'very confident' Rome will use its Golden Power to curb Chinese influence over the Italian tyremaker, deemed a strategic asset, a person with knowledge of the matter said. Italy's right-wing government led by Giorgia Meloni is assessing a new
MILAN: Pirelli's CEO said in a recent private meeting that he is"very confident" Rome will use its Golden Power to curb Chinese influence over the Italian tyremaker, deemed a strategic asset, a person with knowledge of the matter said.
Rome is expected to decide next week whether or not to use its so-called 'Golden Power' to block or set conditions on the agreement, officials have told Reuters. Tronchetti Provera had previously warned Rome, in a hearing with government officials, that the tyremaker's independence is at stake because of Sinochem's growing grip, the Wall Street Journal has reported.
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