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
Step inside the Ducati garage at the MotoGP sprint in...
No description available...
10h ago from Motorsport.com
Aprilia boss wants to beat Marc Marquez at least once...
No description available...
14h ago from Motorsport.com
Dani Pedrosa: ‘In Stoner I saw things I simply...
No description available...
1d ago from Motorsport.com
Why Guenther Steiner doesn’t expect Liberty to copy...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Dale Coyne Racing signs Dennis Hauger, forms technical...
No description available...
12h ago from Motorsport.com
Dale Coyne signs IndyNXT champion Dennis Hauger for...
Dale Coyne Racing has announces that it has signed Dennis Hauger to drive...
11h ago from MotorsportWeek.c...
Team Penske places David Malukas in the iconic #12...
Team Penske has announced that David Malukas will be joining the team and...
5d ago from MotorsportWeek.c...
Zak Brown addresses three areas IndyCar can improve
McLaren CEO Zak Brown penned an open letter on Monday outlining his...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai call set to boost Ott Tanak’s WRC title...
No description available...
9h ago from Motorsport.com
WRC swaps Sardinia for Rome as home of Rally Italy...
No description available...
10h ago from Motorsport.com
Why Elfyn Evans claims "everything is open"...
No description available...
1w ago from Motorsport.com
Oliver Solberg wants “full season in WRC” after...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
“He will spoil the whole training ground” -...
Emmanuel Adebayor has issued a strong warning to Arsenal manager Mikel...
9h ago from SportsKeeda.com
Arsenal LIVE! Arteta set to speak about Madueke,...
No description available...
9h ago from SkySports.com
Tactics Column: Arsenal fail to exploit the space
'There was only one team that came to play football … I'm glad we...
8h ago from Arseblog.com
Arteta on criticism: 'How can you dominate Man City...
Mikel Arteta has hit back at critics calling him "too cautious"...
8h ago from SkySports.com
Comments
Hottest News
Adrian Newey's odd 2am habit revealed
An Aston Martin F1 insider has revealed an... Read More »
4h ago from GPFans.com
George Russell wants permanent F1 change after shock Baku...
George Russell has advocated for a permanent... Read More »
7h ago from GPFans.com
Hamilton could ABANDON season after DNF
Nicolas Hamilton - brother of seven-time F1 world... Read More »
5h ago from GPFans.com
