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
Who is Albert Valera? The agent at the center of the...
No description available...
1d ago from Motorsport.com
Johann Zarco reveals when he ‘began to believe'...
Johann Zarco reveals he “began to believe” he could win his home...
3d ago from MotorsportWeek.c...
Jorge Martin pushing for early Aprilia exit;...
No description available...
1w ago from Motorsport.com
Toprak Razgatlioglu secures Most WorldSBK Race 1...
Toprak Razgatlioglu was a cut above the rest by securing victory in Race...
3d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Rinus Veekay: "Penske cars should have gone to...
No description available...
3h ago from Motorsport.com
Penske’s modifications aren’t entirely the...
No description available...
2h ago from Motorsport.com
IndyCar president says qualifying scandal is...
No description available...
22h ago from Motorsport.com
Penske penalized, Will Power and Josef Newgarden to...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Fourth WRC Hyundai car "still a chance" for...
No description available...
5h ago from Motorsport.com
Rally Portugal criticism causes WRC, FIA to address...
No description available...
1d ago from Motorsport.com
Sebastien Ogier laments “most demanding” rally...
No description available...
2d ago from Motorsport.com
WRC Portugal: Sebastien Ogier claims record-extending...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Mikel Arteta future: Arsenal manager sent one-season...
Arsenal manager Mikel Arteta is told he can only afford one more...
2h ago from SportsMole.co.uk
Plan B in place: Arsenal will move for 21-goal star if...
Arsenal are interested in signing the Sporting CP striker Viktor Gyokeres...
1h ago from CaughtOffside.com
Arsenal transfer news: Gunners given hope in chase for...
Arsenal are seemingly handed a significant boost amid suggestions that...
3h ago from SportsMole.co.uk
Arsenal keen on signing 22-year-old star from Saudi...
Arsenal are reportedly keen on bringing Spanish midfielder Gabri Veiga...
2h ago from SportsKeeda.com
Comments
Hottest News
McLaren F1 boss responds to cheating scandal as penalties...
McLaren Formula 1 boss Zak Brown has weighed in... Read More »
2h ago from GPFans.com
Red Bull approached FIA over latest McLaren F1 trick
The FIA introduced technical directives ahead of... Read More »
7h ago from RacingNews365.com
Explained: How new FIA ruling could impact McLaren's genius...
RacingNews365's technical analyst Paolo Filisetti... Read More »
3h ago from RacingNews365.com
