News Details
ChemChina to buy Pirelli for $7.7 billion
China National Chemical Corp (ChemChina) is to buy the world's fifth-largest tire maker Pirelli (PECI.MI), in a 7.1 billion-euro ($7.7 billion) deal that will put the 143-year-old Italian company in Chinese hands. ChemChina said it is buying 26.2 per cent stake in Pirelli Tyre S.p.A. from its biggest shareholder, Camfin S.p.A., which is controlled by the family of Pirelli Chairman Marco Tronchetti Provera. The company said it would offer to buy the remaining outstanding shares. If completed the deal would value Pirelli at $8.8 billion, according to financial information provider Dealogic… more to follow
Full Story »
Full Story »
10y ago from ThisIsF1.com
0
You May Also Be Interested In...
2015 F1 rear tyre construction could see 2-second...
Analysis of the data from the Australian Grand Prix has shown that the...
10y ago from ThisIsF1.com
Prominent flip crashes in Formula 1
Formula 1 is a sport well known for its thrilling achievements, spills...
10y ago from ThisIsF1.com
Red Bull’s F1 exit threat: Whose fault is it?
You don’t often see highly rated Formula One teams menacing to quit the...
10y ago from ThisIsF1.com
German GP ‘dead’ F1 2015 calendar down to 19 races
Germany's other F1 circuit has joined Hockenheim in pulling out of the...
10y ago from ThisIsF1.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Austrian GP: Marc Marquez pulls off yet another...
No description available...
2h ago from Motorsport.com
Marc Marquez makes it six in a row with victory in...
Marc Marquez continued his dominance with a sixth consecutive win,...
2h ago from MotorsportWeek.c...
Michelin: “No anomalies” with Pecco Bagnaia’s...
No description available...
4h ago from Motorsport.com
Marco Bezzecchi not shocked by underwhelming sprint,...
No description available...
5h ago from Motorsport.com
Popular On IndyCarToday.com
Strongest season yet for Pato O’Ward has been...
Pato O’Ward is having the best IndyCar season of his career, and is...
1d ago from MotorsportWeek.c...
McLaren to auction future F1, IndyCar and WEC cars in...
McLaren is to auction future F1, IndyCar and World Endurance Championship...
3d ago from MotorsportWeek.c...
Chip Ganassi: ‘We’re spoiled’ having drivers...
Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...
6d ago from MotorsportWeek.c...
Winners and losers from IndyCar’s Portland 2025...
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Esteban Ocon's wild childhood dream: 'I wanted to buy...
No description available...
2d ago from Motorsport.com
How drones will change the way you watch motorsport
No description available...
3d ago from Motorsport.com
How WRC's crucial 2027 rules are falling into place
No description available...
4d ago from Motorsport.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
2w ago from MotorsportWeek.c...
Popular On GunnersToday.com
Big name Man United star 'not ready' to play vs...
Manchester United will reportedly be without goalkeeper Andre Onana for...
49m ago from CaughtOffside.com
Manchester United v Arsenal: Premier League – live
t;li>Updates from the 4.30pm BST kick-off at Old Trafford<a...
59m ago from TheGuardian.com
Ruben Amorim to axe Man United star from squad to take...
Manchester United manager Ruben Amorim is reportedly set to leave Rasmus...
2h ago from CaughtOffside.com
Live on Sky: Man Utd vs Arsenal team news LIVE!
No description available...
1h ago from SkySports.com
Comments
Hottest News
How Carlos Sainz has already made a ‘big impact' at...
Williams Sporting Director Sven Smeets has... Read More »
59m ago from MotorsportWeek.com
One-off Ferrari Daytona SP3 sells for insane windfall in...
Ferrari fans and collectors went into overdrive... Read More »
3h ago from F1i.com
Fernando Alonso rejects idea around Brad Pitt F1 film: 'I...
Fernando Alonso has insisted that he 'doesn't... Read More »
3h ago from RacingNews365.com
