Italy Weighs Curbs on Chinese Stakes in Strategic Firms

Italy is considering measures to limit Chinese stakes in strategic companies over national security concerns and to safeguard ties with the U.S., Bloomberg News reported. The plan would cover both private and state-controlled firms, with Reuters noting a focus on tiremaker Pirelli, where China’s Sinochem International holds 37%. Rome is exploring ways to pressure Sinochem to sell, amid worries its role could hinder Pirelli’s access to U.S. markets due to Chinese-linked technology. Concerns also extend to energy infrastructure: State Grid Corporation of China owns 35% of CDP Reti, which controls Italy’s energy grids, while Chinese influence remains in power-equipment maker Ansaldo Energia despite Shanghai Electric reducing its stake.