Pirelli, a Italian tire manufacturer, said that the Italian government has limited the influence of a major shareholder of the company, including its ability to nominate new CEOs.
According to the Dow Jones News Agency, Pirellius on Sunday (June 18) said that China Chemical Rubber Co., Ltd. must give sufficient autonomy in Pirelli Strategy, Industry, and Financial Planning.
China Chemical Rubber Co., Ltd. is affiliated to Sino -Sino -China.
The above decision was made based on Italy's "golden power" rules; this rule allows government intervention to be considered to be considered public interests involving the state.Pirelli said that its technology was also protected by this ruling.
