Chinese Investors Appeal Italy’s Curbs on Pirelli Stake Chinese investors, including China National Tire & Rubber Corporation, have formally appealed Italian government restrictions placed on their stake in the tire maker Pirelli. These restrictions were implemented under Italy’s Golden Power rules, designed to protect national security interests. The company assures that these legal challenges will not disrupt the upcoming shareholder meeting scheduled for June 25.

• Chinese investors are appealing Italian government restrictions on their Pirelli stake.
• The appeals were filed on June 7 by China National Tire & Rubber Corporation and Marco Polo International.
• The restrictions were imposed via a government decree issued under Italy’s Golden Power rules.
• The Golden Power rules allow the government to review foreign sectors and impose conditions for national security.
• Pirelli stated the legal challenges will not impact the shareholder meeting on June 25.