Orsini (Confindustria): « Defending Pirelli, a strong response of the country is needed ». Urso (Mimit): « The government is alert »
The president of Confindustria: « We hope that the government defends Pirelli, an excellence of our Made in Italy »
After the advice of Pirelli deliberated the group control by the Chinese Sinochem On Pirelli (« Pursuant to the IFRS 10 accounting principle, with a majority vote ») and after the vote against the company’s budget by the directors of BeijingBicocca lives a complex redefinition phase of the control sets. «Pirelli is stalled today. We need a strong response from the country. We hope that the government defends Pirelli, an excellence of our Made in Italy, « said the president of Confindustria, Emanuele Orsini on the sidelines of a
Event in Parma. « Without a stable reduction in the share of Sinochem below 25%, Pirelli will not be able to grow in the USA, with serious repercussions also in Italy: many new hires and important investments would in fact be at risk ».
The USA Node
The new US laws prohibit access to the market to companies with Chinese public shareholders on sensitive technologies, such as the Cyber Tyre. Pirelli’s global development therefore risks a sharp braking due to the presence of the Chinese partner Sinochem (37%), linked to the Chinese state. The Italian government
He had already intervened in 2023 with the Golden Power, but Sinochem continues to hinder Italian management, opposing the balance sheet.
The response of Minister Adolfo Urso
The response of the Minister of Business and Made in Italy was not long in coming, Adolfo Ursoon the sidelines of an event in Fiumicino, responding to those who asked him from Confindustria’s appeal on Pirelli: «The government is active and vigilant in the context of a Golden Power procedure that has already been carried out. The government was on the field immediately according to the European and Italian rules that concern the Golden Power procedure also in the light of the American measures on which we are very careful for the repercussions that can have on this important and significant Italian multinational enterprise, which we will obviously guarantee full support as always « .
