Italy imposes Golden Power limits on Sinochem-linked Pirelli shareholder above 9.99% stake

PUBT·04/11/2026 15:01:23

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Italian government imposed new Golden Power restrictions on Pirelli shareholder Marco Polo/CNRC, citing national security risks tied to Cyber Tyre sensor technology.
Measures stay in force while Marco Polo holds more than 9.99% of Pirelli.
Marco Polo can nominate up to three directors, including two independents, with a ban on top roles such as chair or CEO.
CNRC must refrain from directing or coordinating Pirelli, including limits on influence over strategy, financing, R&D, major transactions, treasury, or IT integration.
Any CNRC share transfers must be notified to Ministry for Enterprises and Made in Italy, with restrictions on transfers to entities linked to SASAC.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pirelli & C. S.p.A. published the original content used to generate this news brief on April 11, 2026, and is solely responsible for the information contained therein.

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