Milan — Italy’s Pirelli said on Monday that the government’s “golden powers” in the company meant it was no longer controlled by China’s Sinochem, in a move that might make it easier for the tyre maker to expand in the US. The company’s Chinese and Italian …
Pirelli took a first step to distance itself from its main investor, declaring on Monday that China’s Sinochem no longer has control over the Italian tyremaker. The company downgraded the governance status of the Chinese conglomerate following a request …
Equinor Brasil Energia Ltda., a subsidiary of Equinor (OSE: EQNR, NYSE: EQNR), has entered into agreements(1) with Brazilian company Prio Tigris Ltda., a subsidiary of PRIO SA (PRIO3.SA) for a sale of its 60% operated interest in the Peregrino field in …
Equinor announced on Friday that it's Brazil unit had agreed to sell to PRIO SA a 60% interest in the Peregrino Oil Field for up to $3.5 Billion. Prio will pay Equinor a base amount of $3.35billion, plus additional interest payments up to $150m. It …
Marco Polo International Italy (MPI), a subsidiary of China's Sinochem Holdings Corp Ltd, issued a statement expressing its deep disappointment and strong opposition regarding an assessment by Italian tire maker Pirelli's board of directors …
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