# Italy has imposed several curbs on China's Sinochem to try to resolve a governance spat.

*business · news · 2026-04-12 · Nikkei Asia*

## Key points

- Italy imposed curbs on Sinochem's Pirelli stake, requiring it to drop below 9.99%.
- Sinochem can nominate only three board members, two of whom must be independent.
- Sinochem board members are barred from holding chairman or CEO roles at Pirelli.
- Pirelli is no longer required to share sensitive information with Sinochem.
- Sinochem must notify Italy of any share transfer, which cannot go to Chinese state-affiliated entities.

**Companies:** Pirelli, Sinochem
**Countries:** Italy, China, United States

[Read the full story on Nikkei Asia](https://asia.nikkei.com/politics/italy-imposes-curbs-on-china-s-sinochem-to-avoid-us-restrictions-on-pirelli)

---

Canonical: https://newsio.io/n/07128250-4a95-4047-b206-7fce3c1e22b7/italy-has-imposed-several-curbs-on-chinas-sinochem-to-try-to-resolve-a-governanc
Summarized by Newsio from Nikkei Asia. https://newsio.io/how-it-works