Italy’s Pirelli pushes Chinese owner to cut stake amid fears of Trump freeze-out
State-owned ChemChina, which later merged with Sinochem, first bought a majority stake in Pirelli in a $7.7bn deal in 2015. Under the initial deal, the Chinese investor agreed it would not interfere ...
Reuters8d
Sinochem selling bankrupt plant to independent Shandong refiner, sources say
Changyi Petrochemical, a Sinochem-owned plant in China's refining hub of Shandong, drew a top bid of about 2.98 billion yuan ($411.82 million) from an unidentified party in an auction that closed ...
Reuters3d
Pirelli's Italian and Chinese shareholders clash over governance
Sinochem's stake could impact Pirelli's U.S. operations Pirelli may declare Sinochem no longer controls the company Could also seek to persuade Sinochem to cut stake MILAN, March 25 (Reuters ...
Rubber and Plastics News15d
Sinochem expanding carbon black production capacity
QUANZHOU CITY, China—Sinochem Quanzhou Petrochemical Co. plans to expand carbon black production capacity at its Quanzhou City plant in the southeastern Chinese province of Fujian. The company ...