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
Attritional German GP matches record for fewest...
No description available...
18h ago from Motorsport.com
Marc Márquez wins crash-filled German MotoGP as just...
t;li>Márquez holds off brother Alex to extend title leadFrancesco...
19h ago from TheGuardian.com
MotoGP German GP: Marc Marquez dominates for victory...
No description available...
20h ago from Motorsport.com
Fabio Quartararo admits 'tensions' within Yamaha over...
No description available...
23h ago from Motorsport.com
Popular On IndyCarToday.com
Winners and Losers from IndyCar’s 2025 Iowa Speedway...
No description available...
10h ago from Motorsport.com
Alex Palou wins a strategic IndyCar Iowa Speedway Farm...
No description available...
11h ago from Motorsport.com
Palou returns to the top with Iowa Speedway victory
The second IndyCar race in as many days took place at Iowa Speedway on...
13h ago from MotorsportWeek.c...
IndyCar Iowa – Race 2 Results
The second race of IndyCar’s double-header took place on Sunday...
13h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Haas to run Fuji F1 test with Sho Tsuboi and Ryo...
No description available...
1h ago from Motorsport.com
Toto Wolff: Mohammed Ben Sulayem ruling FIA with an...
No description available...
5h ago from Motorsport.com
Shane van Gisbergen extends winning streak with an...
No description available...
10h ago from Motorsport.com
Pit road confrontation erupts after close call during...
No description available...
9h ago from Motorsport.com
Popular On GunnersToday.com
Sevilla keen on signing 23-year-old Arsenal star in...
Sevilla are reportedly interested in signing Karl Hein from Arsenal this...
1h ago from SportsKeeda.com
A new week, a new striker
Morning. Starting a brand new week with good news is nice, so let's do...
3h ago from Arseblog.com
Liverpool would have to pay £86m in order to beat...
Real Madrid have reportedly set an £86m (100 million) minimum price tag...
3h ago from CaughtOffside.com
Fabrizio Romano’s latest morning update is sure to...
Arsenal are on the verge of finalising the signing of Noni Madueke from...
2h ago from CaughtOffside.com
Comments
Hottest News
Verstappen and Wolff Sardinia meeting takes new twist after...
Rumours concerning a meeting between F1 champion... Read More »
1h ago from GPFans.com
The Christian Horner comments that ‘surprised' Helmut...
Christian Horner's sacking by Red Bull might... Read More »
2h ago from MotorsportWeek.com
Ferrari interest in shock Christian Horner and Lewis...
Christian Horner's chances of a sensational F1... Read More »
2h ago from GPFans.com
