Czech tycoons eye stake in Pirelli held by China's Sinochem, newspaper says

CSG NV

03/07/2026 07:05

    ROME, July 3 (Reuters) - Czech business leaders Michal Strnad and Pavel Tykac are interested in buying part of the stake held by China's Sinochem 600500.SS in Italian tyremaker Pirelli PIRC.MI, Italian daily Corriere della Sera reported on Friday.
The two investors have expressed interest in buying between 10% and 20% of Pirelli's share capital from Sinochem, the newspaper reported, citing sources. 
Beijing-controlled Sinochem is Pirelli's largest shareholder with a 34.1% stake. Italian investor Camfin, the investment vehicle of longstanding Pirelli executive Marco Tronchetti Provera, owns just under 27%.
Talks are at an early stage and differences over valuation remain a key hurdle between the two entrepreneurs and the Chinese group, the report added. 
Czech ​billionaire Tykac owns Sev.en ​GI, which holds assets ​in ⁠the United States, Europe and Australia, mainly in ⁠mining, ​power production, coal ​mining and steel production.  
Strnad is an investor in ammunition and arms producer CSG CSG.AS.
Rome earlier this year imposed curbs on Sinochem, using so-called "golden powers" aimed at protecting companies considered of strategic importance amid a governance dispute at the company.
Pirelli and Camfin say Sinochem's ownership position complicates Pirelli's expansion plans in the United States, as Washington tightens restrictions on Chinese technology in the automotive sector.
Pirelli declined to comment. 
It was not possible to obtain an immediate comment from Sinochem, Se.ven GI or CSG.

 (Reporting by Mirko Miorelli. Additional reporting by Karol Badohal. Editing by Giulia Segreti and Mark Potter)
 ((Mirko.miorelli@thomsonreuters.com))