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
KTM will continue with MotoGP in 2027 “if we can...
No description available...
1d ago from Motorsport.com
Francesco Bagnaia must “stop the bleeding” of...
No description available...
1d ago from Motorsport.com
Luca Marini injured in Suzuka fall, Ai Ogura undergoes...
No description available...
1d ago from Motorsport.com
Marc Marquez admits he ‘needs to work on mistakes’...
Marc Marquez admits he and younger brother Alex Marquez "were the...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Colton Herta quickest in IndyCar practice on cool...
Saturday’s IndyCar practice from the streets of Detroit got underway...
3h ago from MotorsportWeek.c...
Kyle Kirkwood fastest in opening IndyCar practice from...
After speeding around Indianapolis Motor Speedway for two weeks, IndyCar...
20h ago from MotorsportWeek.c...
Andretti Global belatedly accepts Indy 500 post-race...
Two Andretti Global entries were among the cars that received post-race...
1d ago from MotorsportWeek.c...
Veteran engineer Michael Cannon returns to Dale Coyne...
Dale Coyne Racing has announced that it has re-hired expert engineer...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC: Sebastien Ogier confirms entry to the Acropolis...
No description available...
23h ago from Motorsport.com
Co-driver dies after crash during Jim Clark rally in...
Roberts, 39, was pronounced dead at the scene near Duns in the Scottish...
6d ago from TheGuardian.com
Rally Portugal criticism causes WRC, FIA to address...
No description available...
1w ago from Motorsport.com
WRC signs new deal to race in Portugal until at least...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal, Barcelona in final Joan Garcia transfer twist...
Arsenal-linked goalkeeper Joan Garcia reportedly makes a U-turn on his...
2h ago from SportsMole.co.uk
Arsenal suffer blow as target gives 'green signal' to...
Arsenal has suffered a setback as key goalkeeper target Joan Garcia is...
2h ago from SportsKeeda.com
Transfer news and rumours today: Arsenal attacker...
Sports Mole rounds up the latest transfer news and rumours today,...
3h ago from SportsMole.co.uk
'I wouldn't be surprised' - Former Arsenal star backed...
Former Aston Villa goalkeeping coach Neil Cutler believes ex-Arsenal star...
3h ago from SportsKeeda.com
Comments
Hottest News
F1 Qualifying Results: Verstappen beaten as Red Bull suffer...
Max Verstappen was beaten by more than quarter of... Read More »
2h ago from GPFans.com
Lewis Hamilton brandishes F1 flexi-wing rule change...
Lewis Hamilton has brandished the FIA's... Read More »
56m ago from MotorsportWeek.com
Lando Norris teases 'interesting' Oscar Piastri warning...
Oscar Piastri earned a fourth grand prix pole of... Read More »
1h ago from RacingNews365.com
