Latest News for PLLIF
Czech business leaders Michal Strnad and Pavel Tykac are interested in buying part of the stake held by China's Sinochem in Italian tyremaker Pirelli , Italian daily Corriere della Sera reported on Friday.
Pirelli said on Monday China National Tire & Rubber Corporation (CNRC) and its unit Marco Polo International had appealed, separately, to an Italian regional administrative court against government-imposed conditions linked to their stake in the tyre maker.
Pirelli said it had instructed lawyers to take legal action after Grizzly Research published a report on Thursday. Grizzly claims Pirelli derives more profits from its Russian operations than its public disclosures suggest.
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