Pirelli's US business hindered by Sinochem's stake, says Tronchetti Provera

Pirelli's Chinese and Italian shareholders are at odds over
the group's governance as
Tronchetti Provera told Italian daily la Repubblica that
Sinochem's 37% stake had proved a hurdle when Pirelli had
negotiated with local authorities over doing business in the
states of
"Now we are negotiating with
Tronchetti Provera said he was confident an agreement would be reached with Sinochem to overcome the U.S. concerns.
"We will find a way, in the interests of Pirelli, to comply with American laws," he said.
"It is too important a market for us not to be able to play
on a level playing field with our competitors."
(Reporting by
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