📺 Italian tyremaker Pirelli’s alliance with Sinochem has turned into a business and governance headache. That creates a market risk for veteran CEO and investor Marco Tronchetti Provera, says LJucca
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Pirelli CEO pivots from globalisation to trade warMarco Tronchetti Provera teamed up with a Chinese buyer to take the tyremaker private in 2015. Now Sinochem’s 37% stake poses business and governance risks for the $5 bln company. An appeal to Italy’s nationalist government may help the veteran industrialist maintain control.
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