News Details
China's ChemChina to buy Pirelli for £5.1bn
Formula 1's official tyre supplier, Pirelli, is set to change hands next month following news that China's state-owned China National Chemicals (ChemChina) has launched a takeover bid. The Italian company has been F1's sole supplier since 2011 and has a contract through to 2016, when a new tender will be released. The deal will see ChemChina's own tyre division, China National Tire & Rubber, take ownership of a 26.2 per cent stake currently controlled by the family of chairman Marco Tronchetti, before launching a bid to acquire the remaining shares. The takeover values the company at £5.1 billion ($7.7bn, €7bn). ChemChina will appoint a new chairman whilst Tronchetti, who began...
Full Story »
Full Story »
10y ago from GrandPrixTimes.com
0
You May Also Be Interested In...
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 predicts at least two stops in Malaysia
Pirelli motorsport director Paul Hembery is predicting this weekend's...
10y ago from Motorsport.com
Pirelli wants future rules decision ahead of tender
Pirelli has called on the sport to confirm its plans for the 2017 season...
10y ago from GrandPrixTimes.com
Pirelli expecting record lap times in 2015
Pirelli Media Pirelli motorsport director Paul Hembery says that lap...
10y ago from F1Zone.net
Elsewhere On The Network
Popular On MGPToday.com
MotoGP to return to Buenos Aires from 2027 season
MotoGP has officially announced that the Grand Prix of Argentina will...
6h ago from MotorsportWeek.c...
Winners and losers from MotoGP's Czech Grand Prix
No description available...
11h ago from Motorsport.com
Luca Marini gets new Honda MotoGP deal for 2026
No description available...
14h ago from Motorsport.com
Marc Marquez likens his 2025 MotoGP form to 2019 and...
Marc Marquez has likened his 2025 MotoGP form to the peak performances...
13h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
O’Ward explains the multiple steps that came...
Pato O’Ward won Sunday’s IndyCar race from the streets of Toronto,...
5h ago from MotorsportWeek.c...
Kyffin Simpson’s confidence ‘very high right...
When Kyffin Simpson crossed the finish line in Sunday’s Honda Indy...
8h ago from MotorsportWeek.c...
The Winners and Losers of IndyCar’s 2025 Indy Toronto
No description available...
15h ago from Motorsport.com
IndyCar Toronto – Race Results
IndyCar completed its sole visit across the border this weekend, with a...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How WRC rivals reacted to Oliver Solberg's first...
No description available...
17h ago from Motorsport.com
How the WRC service park reacted to Oliver Solberg's...
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...
1d ago from MotorsportWeek.c...
Oliver Solberg: WRC Rally Estonia win "biggest...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Report: New Arsenal signing waiting in London and set...
Arsenal are on the verge of announcing the signing of Spanish centre-back...
3h ago from FreshArsenal.com
“I’m bored, give me a f**king ball man” -...
Pierre-Emerick Aubameyang has taken to Instagram as he gears up for a...
10h ago from SportsKeeda.com
Mosquera deal edges near as Arsenal still chase striker
The summer transfer window is in full flow and we are now nigh on a full...
11h ago from FreshArsenal.com
Arsenal forced to reschedule first pre-season training...
Premier League giants Arsenal have been forced to reschedule their first...
12h ago from SportsKeeda.com
Comments
Hottest News
From Red Bull to Audi: Wheatley says Miami moment triggered...
Jonathan Wheatley, the former long-serving... Read More »
9h ago from F1i.com
Lewis Hamilton relationship BANNED by Ferrari boss
Ferrari team principal Fred Vasseur has banned F1... Read More »
5h ago from GPFans.com
Lewis Hamilton's 12-year relationship prompts frank love...
Lewis Hamilton's 12-year relationship with his... Read More »
2h ago from GPFans.com
