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
Fernando Alonso: No normal person could achieve what...
No description available...
40m ago from Motorsport.com
MotoGP breaks attendance records in 2025; only two...
No description available...
1d ago from Motorsport.com
Motorsport Week's Top 10 MotoGP riders of 2025
The 2025 MotoGP season had it all. With 22 rounds and 44 races, the...
2d ago from MotorsportWeek.c...
22 MotoGP rounds are “too many for the body”,...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
1w ago from MotorsportWeek.c...
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
1w ago from Motorsport.com
Broadcast schedule for 2026 Indy NXT season announced...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Dakar 2026: Full route, schedule and marathon stage...
No description available...
1d ago from Motorsport.com
Why Hyundai expects to be stronger in WRC 2026
No description available...
3d ago from Motorsport.com
Red Bull co-owner Mark Mateschitz to enter Dakar...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
'He is fighting the ball' - Paul Merson claims one...
Arsenal legend Paul Merson believes striker Viktor Gyökeres is trying too...
1h ago from SportsKeeda.com
Arsecast Extra Episode 673 – 28.12.2025
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
1h ago from Arseblog.com
Arsenal 2-1 Brighton: Gunners go back on top after...
Match report – Player ratings – Arteta reaction – Video...
6h ago from Arseblog.com
'It feels like a basketball match kind of energy' -...
Former Arsenal striker Ian Wright noted the Gunners' struggles up front in...
8h ago from SportsKeeda.com
Comments
Hottest News
F1: FIA closing another loophole?
Amidst concern over manufacturers are taking... Read More »
1h ago from Pitpass.com
Suzuka to undergo changes prior to 2026 F1 Japanese GP
One of F1’s most iconic circuits, Suzuka, will... Read More »
50m ago from MotorsportWeek.com
Flavio Briatore claims F1 star should have won EIGHT world...
Controversial F1 supremo Flavio Briatore has made... Read More »
4h ago from GPFans.com
