倍耐力董事会2025年4月28日公告宣称，倍耐力根据《国际财务报告准则第10号》（IFRS10）已无实际控制人。
马可波罗公司就倍耐力2024年报中的控制权评估结论深感失望，坚决反对。
根据倍耐力2024年报，该结论是由2023年6月16日的黄金权力裁定得出。但是，该评估难以令人认同，尤其考虑到该裁定并未包含任何剥夺马可波罗公司对倍耐力控制权的条款，反而以马可波罗公司的控制权为前提条件。
事实上，根据《意大利民法典》第2359条第1款第2项，马可波罗公司仍持有足以在倍耐力普通股东大会施加支配性影响的重要股权比例，对倍耐力拥有控制权，只是依照黄金权力裁定的要求未行使《意大利民法典》第2497条及后续条款规定的"管理协调活动"。
此外，作为上市公司，倍耐力本应就《意大利金融统一法》（TUF）第93条规定下的马可波罗公司对其拥有控制权的情况进行充分披露，更何况根据IFRS 10，马可波罗公司同样具备支持其对倍耐力享有持续控制权的有效依据。
作为倍耐力的负责任股东，我们始终严格遵守意大利和各国的法律法规，并将继续以合作精神配合各监管机构，在依法维护马可波罗公司合法权益的同时，持续保障倍耐力的发展壮大。
Marco Polo Press Release
Milan, 28 April 2025 – The press release issued by Pirelli's Board of Directors on 28 April 2025 states that Pirelli no longer has a controlling shareholder under IFRS 10.
Marco Polo International Italy S.r.l. (“MPI”) expresses its deep disappointment and strong opposition to the assessment regarding control made by Pirelli.
According to Pirelli's press release, this conclusion would be due to the Golden Power Decree (DPCM) of 16 June 2023. However, this assessment is not acceptable, particularly considering that the DPCM in question does not contain any provision depriving MPI of control over Pirelli; on the contrary, it presupposes it.
Furthermore, MPI continues to hold a significant stake allowing it to exercise dominant influence over Pirelli's ordinary shareholders' meeting pursuant to Article 2359, paragraph 1, no. 2 of the Italian Civil Code, and therefore continues to control Pirelli & C. S.p.A., even though, in compliance with the aforementioned Decree, it does not exercise management and coordination activities pursuant to Article 2497 et seq. of the Italian Civil Code, as required by the DPCM.
Moreover, as a listed company, Pirelli should have provided adequate and complete disclosure regarding MPI's control pursuant to Article 93 of the Consolidated Law on Finance (TUF), without prejudice to the fact that MPI has valid grounds to assert the continued existence of its control even under IFRS 10.
As a responsible shareholder of Pirelli, we have always strictly complied with Italian and foreign laws, and we will continue to do so, working collaboratively with all competent authorities, while ensuring the protection of MPI's interests and always supporting Pirelli's growth and development.