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
Marc Marquez: 'Speeds will be lower with 850cc bikes,...
No description available...
12h ago from Motorsport.com
The key challenges MotoGP teams will face in the 2027...
No description available...
17h ago from Motorsport.com
VR46 looking for mix of experience and youth in 2027...
No description available...
1d ago from Motorsport.com
Dani Pedrosa reveals the ‘crazy’ training that...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
8h ago from MotorsportWeek.c...
Takuma Sato set for Indy 500 return with Rahal...
No description available...
9h ago from Motorsport.com
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
14h ago from MotorsportWeek.c...
Helio Castroneves to attempt 2026 Indianapolis 500...
No description available...
13h ago from Motorsport.com
Popular On TotalWRC.com
WRC Rally Scotland brings top tier rallying back to...
The 2027 WRC calendar should have an exciting new event on the calendar:...
1d ago from MotorsportWeek.c...
WRC to return to GB in 2027 as Scotland secures...
No description available...
1d ago from Motorsport.com
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
3d ago from Motorsport.com
Why Takamoto Katsuta’s long-awaited first WRC win...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Leon Osman makes huge Arsenal quadruple claim after...
Former Everton star Leon Osman has backed Arsenal to win a historic...
5h ago from CaughtOffside.com
'Always shine on the biggest stages', 'Worth every...
Arsenal fans have hailed midfielder Eberechi Eze for his showing as they...
5h ago from SportsKeeda.com
Player ratings: Arsenal 2-0 Bayer Leverkusen
Arsenal advanced to the Champions League quarter-final with a comfortable...
6h ago from FreshArsenal.com
Partey intends to deny two charges of rape, court told
Former Arsenal footballer Thomas Partey intends to deny two new...
6h ago from SkySports.com
Comments
Hottest News
Aston Martin F1 'takeover pitched by new team' as situation...
Aston Martin could be the target of an F1... Read More »
10h ago from GPFans.com
Toto Wolff reveals real reason why Aston Martin dumped...
Toto Wolff has revealed why Aston Martin ended... Read More »
20h ago from MotorsportWeek.com
Honda claim batteries now handling the vibrations but not...
The Chinese Grand Prix was another horrible... Read More »
15h ago from GrandPrix247.com
