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
MotoGP constructors push for F1-style ‘Concorde...
No description available...
16h ago from Motorsport.com
Marco Bezzecchi explained what ‘key moment' he...
Marco Bezzecchi explained his first lap was the "key moment"...
17h ago from MotorsportWeek.c...
MotoGP to return to Buenos Aires from 2027 season
MotoGP has officially announced that the Grand Prix of Argentina will...
1d ago from MotorsportWeek.c...
Luca Marini gets new Honda MotoGP deal for 2026
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Why Rinus VeeKay believes there's more to come after...
No description available...
5h ago from Motorsport.com
O’Ward explains the multiple steps that came...
Pato O’Ward won Sunday’s IndyCar race from the streets of Toronto,...
1d ago from MotorsportWeek.c...
The Winners and Losers of IndyCar’s 2025 Indy Toronto
No description available...
1d ago from Motorsport.com
Kyffin Simpson’s confidence ‘very high right...
When Kyffin Simpson crossed the finish line in Sunday’s Honda Indy...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How WRC rivals reacted to Oliver Solberg's first...
No description available...
1d ago from Motorsport.com
Oliver Solberg stuns with maiden WRC victory in Estonia
Oliver Solberg and Elliot Edmondson stunned the WRC elite with a...
2d ago from MotorsportWeek.c...
How the WRC service park reacted to Oliver Solberg's...
No description available...
2d ago from Motorsport.com
Oliver Solberg: WRC Rally Estonia win "biggest...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Hello from Singapore : Big Vik progress at last
Good morning from Singapore where I believe it is Wednesday. I got here...
41m ago from Arseblog.com
Report: Former Arsenal captain agrees deal to return...
A former Arsenal captain is on the verge of a sensational return to the...
4h ago from FreshArsenal.com
Arsenal star reluctant to sign new deal until 2032...
William Saliba remains a key player at Arsenal despite Real Madrid's...
8h ago from SportsKeeda.com
Arsenal set to seal £55m deal as player flies to...
Arsenal are wasting no time in strengthening their squad for the new...
8h ago from FreshArsenal.com
Comments
Hottest News
Aston Martin engineers question Adrian Newey over 2026 F1...
Aston Martin CEO and team principal Andy Cowell... Read More »
5h ago from GPFans.com
‘Emotional’ Lewis Hamilton ‘putting his foot down’...
Lewis Hamilton is starting to 'put his foot' down... Read More »
7h ago from GPFans.com
F1 on track to achieve ambitious sustainability target
F1 has provided an update on its target of... Read More »
3h ago from RacingNews365.com
