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 »
11y 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...
11y ago from GrandPrixTimes.com
Pirelli expects lap records to be challenged
irelli Motorsport Director Paul Hembery reckons lap records could be...
11y ago from GPUpdate.net
ChemChina to buy Pirelli for $7.7 billion
China National Chemical Corp (ChemChina) is to buy the world's...
11y ago from ThisIsF1.com
Pirelli to be sold to Chinese company
F1 tyre supplier Pirelli is set to come under new Chinese ownership after...
11y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Liberty Media reports MotoGP’s revenue and losses...
No description available...
11h ago from Motorsport.com
Johann Zarco: 'Maybe I have a chance' of repeat French...
No description available...
11h ago from Motorsport.com
Marc Marquez on his current Ducati struggles: “I've...
No description available...
15h ago from Motorsport.com
Popular On IndyCarToday.com
Alex Zanardi: The man whose name is a synonym for...
No description available...
5h ago from Motorsport.com
Conor Daly tops Indy 500 test with 225mph lap on...
No description available...
5h ago from Motorsport.com
How to watch IndyCar 2026 Indy GP: Weekend schedule,...
No description available...
8h ago from Motorsport.com
Graham Rahal “not a fan” of new rule allowing...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg grabs Rally Portugal lead as Hyundai...
No description available...
8h ago from Motorsport.com
Why WRC drivers expect Portugal to deliver a rally...
No description available...
16h ago from Motorsport.com
Hyundai brings WRC engine upgrade to Rally Portugal
No description available...
19h ago from Motorsport.com
How Ott Tanak can help Toyota's WRC 2027 car...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Brazilian defender emerges as a target for Arsenal as...
Brazilian defender Wesley has done quite well for AS Roma, and Arsenal are...
7h ago from CaughtOffside.com
Champions League review: a punch for Arteta and are...
teams for the final in Budapest are set. We look at how they got there...
9h ago from TheGuardian.com
PSG v Arsenal: six factors that could decide the...
ping Ousmane Dembélé quiet will be tough but Mikel Arteta’s side have...
9h ago from TheGuardian.com
Arsenal ready to splash UCL cash on 28-G/A star who is...
Arsenal are reportedly interested in signing the PSG attacker Khvicha...
10h ago from CaughtOffside.com
Comments
Hottest News
F1MATHS: What does the telemetry reveal about the 2026 F1...
The comparison between Kimi Antonelli’s 2026... Read More »
58m ago from F1Technical.net
Oscar Piastri stunned by brutal Charles Leclerc attack
McLaren F1 star Oscar Piastri's reaction to a... Read More »
6h ago from GPFans.com
Daniel Ricciardo heading to iconic race: 'Never been more...
Former F1 star Daniel Ricciardo has confirmed... Read More »
7h ago from GPFans.com
