News Details
Pirelli to be bought by Chinese firm
– China National Chemical Corporation (ChemChina) has agreed to buy Italian tyre manufacturer Pirelli.Pirelli has acted as Formula 1's sole tyre supplier since the 2011 season, and holds a contract through 2016, when the next formal tender process will be conducted.The deal will see ChemChina's tyre arm, China National Tire & Rubber, purchase the 26.2 per cent stake in Pirelli owned by Camfin, and controlled by the family of Chairman Marco Tronchetti Provera.ChemChina will then attempt to acquire the remaining shares in the company. Camfin said the bid would be launched by a consortium controlled by ChemChina, but also part-owned by Camfin investors.The offer will be launched at 15...
Full Story »
Full Story »
10y ago from GPUpdate.net
0
You May Also Be Interested In...
China's ChemChina to buy Pirelli for £5.1bn
Formula 1's official tyre supplier, Pirelli, is set to change hands next...
10y ago from GrandPrixTimes.com
Pirelli expects lap records to be challenged
irelli Motorsport Director Paul Hembery reckons lap records could be...
10y ago from GPUpdate.net
ChemChina to buy Pirelli for $7.7 billion
China National Chemical Corp (ChemChina) is to buy the world's...
10y ago from ThisIsF1.com
Pirelli to be sold to Chinese company
F1 tyre supplier Pirelli is set to come under new Chinese ownership after...
10y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin: Marco Bezzecchi was "on another...
No description available...
4h ago from Motorsport.com
Pedro Acosta praises KTM’s ‘really nice job’...
Pedro Acosta has praised KTM’s off-season development for helping him...
4h ago from MotorsportWeek.c...
Michelin reveals what caused Marc Marquez’s dramatic...
No description available...
11h ago from Motorsport.com
Popular On IndyCarToday.com
Newgarden gains 16 positions, finishes seventh in...
No description available...
4h ago from Motorsport.com
Watch: Mick Schumacher taken out on opening lap of...
Fans of Mick Schumacher could switch off early after his IndyCar debut at...
7h ago from MotorsportWeek.c...
Christian Lundgaard ‘annoyed’ at being stuck...
Arrow McLaren driver Christian Lundgaard had a solid result in the first...
4h ago from MotorsportWeek.c...
Mick Schumacher's IndyCar debut ends in Lap 1 crash
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
2d ago from Motorsport.com
Why Esapekka Lappi was so happy at WRC Rally Sweden
No description available...
4d ago from Motorsport.com
Acropolis Rally's Thursday parc ferme will be on a boat
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
After scoring goal in win over Chelsea, Jurrien Timber...
Jurrien Timber has said that Arsenal cannot afford to make costly mistakes...
1h ago from SportsKeeda.com
Brighton & Hove Albion vs Arsenal Prediction and...
Brighton & Hove Albion will host Arsenal at the American Express Stadium...
13m ago from SportsKeeda.com
Paul Merson predicts Brighton vs Arsenal, Aston Villa...
Every week it just gets better for Arsenal in the Premier League! There...
4h ago from SportsKeeda.com
'We can't have the championship decided on corner...
Manchester United legend Peter Schmeichel has called for Premier League...
3h ago from SportsKeeda.com
Comments
Hottest News
Aston Martin in crisis: Honda woes threaten Melbourne ghost...
A cloud of uncertainty is hanging over the Aston... Read More »
1h ago from F1i.com
F1 star Charles Leclerc releases stunning new video of...
It was Monaco’s wedding of the year so far as... Read More »
1h ago from GPFans.com
Max Verstappen backed for opening win as Lewis Hamilton to...
The latest episode of the RacingNews365 Podcast... Read More »
1h ago from RacingNews365.com
