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Italian Prime Minister Giorgia Meloni’s administration examined the agreement under the so-called “Golden Power Procedure” rules, which are aimed at protecting businesses that are viewed as strategically important to the nation.
Source: https://www.kbc.co.ke/pirelli-italy-blocks-chinese-control-of-tyre-giant/
MILAN: Pirelli's CEO said in a recent private meeting that he is "very confident" Rome will use its Golden Power to curb Chinese influence over the Italian tyremaker, deemed a strategic asset, a person with knowledge of the matter said.