China and Italy "will do some fighting" for tires: as the countries did not divide Pirelli & C. SpA and why it is so important

That occurs the Authorities of Italy are concerned by that the local producer of tires Pirelli whom the Chinese group of China National Chemical COR Ltd owns, can pass under full control China. The historical background In the 2015th China National Chemical COR Ltd got a controlling stake of cult Italian businesses. Many politicians and investors then opposed this transaction, saying to that technologies companies risk to fall into hands Beijing. Pirelli file — one of the largest producers of car tires in the world. It has 24 factories in 13 countries of the world, including to United Kingdom, Germany and Russian Federation. Context It agrees...