Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
CLASS

A Chinese COO at the Pirelli summit

June 05, 2019


Abstract : While in Pirelli the maneuvers for the renewal of the pacts between the shareholders continue, there are some innovations regarding the negotiating table.

MILAN, Jun 4 (Class Editori) -- While in Pirelli the maneuvers for the renewal of the pacts between the shareholders continue, there are some innovations regarding the negotiating table. The understanding that is being studied hangs towards the current scheme of governance, albeit with some new elements that underlie the new balances of power. To guarantee the maintenance of the Italian promise, Marco Tronchetti Provera will be confirmed as CEO of the Bicocca, according to what MF-Milano Finanza has learned. A new chief operation officer from China will support Camfin's reference shareholder.

In this way ChemChina will confirm full confidence in Tronchetti Provera but at the same time it will guarantee greater direct grip on the tire group guide. In short, the Italian-Chinese axis will continue without major shocks. It will only be necessary to understand for how long will this situation last, even if the latest rumors speak of a possible duration of the agreement for at least two or three years more compared to the initial deadline of June 2020, during the approval of the 2019 financial statements.

In recent weeks, Tronchetti Provera confirmed the rumors about the renewal of the shareholders' agreement at the meeting. Based on the current structure, the Chinese shareholders, through Marco Polo Srl, hold 45.52% of Pirelli's capital. The Italian shareholders in Camfin have 10.05%.

Tronchetti Provera explained that the desire to renew the agreements is the result of what has been done so far with the Chinese partners, since the delisting for the reorganization "which has happened successfully: we have successfully managed to bring the company back to the market with excellent market acceptance and the results confirmed the value of our partnership, obtaining results that continue to improve".

(Source:Class Editori)

Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.

Scan the QR code and push it to your mobile phone

Keyword: class italy

Reading:

Second Phase of Chianti Academy China kicks off in Guangzhou

Guotai Junan Securities wins best private fund custodian and administrator awards by The Asset magazine

Interview: Chinese companies need "disruptive innovation" thinking: Stanford expert

E-commerce with China now works through the dropshipping service

Camicissima to open over 60 new stores in China

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial