News Details
Pirelli to be sold to Chinese company
F1 tyre supplier Pirelli is set to come under new Chinese ownership after shareholders agreed to a 7.1 billion euro deal with the ChemChina group. Under the new deal, ChemChina – which is Chinese state-owned – will initially take a 26 per cent stake in the company before launching a full takeover bid. According to Reuters, the bid will be launched by a vehicle controlled by the Chinese state-owned group and part-owned by current owners Camfin investors, who include Pirelli boss Marco Tronchetti Provera, Italian banks UniCredit and Intesa Sanpaolo, and Russia's Rosneft. In doing so, it will bring Pirelli under his tyre-making division and take the company private, in turn bolstering one...
Full Story »
Full Story »
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...
10y ago from GrandPrixTimes.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
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
Elsewhere On The Network
Popular On MGPToday.com
Ducati: 2027 MotoGP rules designed to prevent us from...
No description available...
47m ago from Motorsport.com
MotoGP to leave Phillip Island in favour of Adelaide...
MotoGP has confirmed that the Australian Grand Prix will move from...
1d ago from MotorsportWeek.c...
Aprilia steps up efforts to lure Francesco Bagnaia for...
No description available...
1d ago from Motorsport.com
Casey Stoner leads criticism as Phillip Island’s...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar expanding global broadcasting presence for the...
No description available...
21h ago from Motorsport.com
IndyCar grows international broadcast offerings for...
The NTT IndyCar Series has announced that its already extensive global...
20h ago from MotorsportWeek.c...
Alexander Rossi fastest as rain disrupts second...
The NTT IndyCar Series completed the second and final day of testing at...
1d ago from MotorsportWeek.c...
Firestone prepared to take new right-front tire for...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
4d ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
4d ago from Motorsport.com
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
5d ago from Motorsport.com
Elfyn Evans wins Swedish showdown
Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...
5d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Agreement in place as Liverpool & Arsenal in...
Liverpool and Arsenal have reportedly both made checks on the possibility...
37m ago from CaughtOffside.com
Bukayo Saka: Rhythm is a Dancer
Bukayo Saka’s new Arsenal contract was confirmed this week. Objectively...
57m ago from Arseblog.com
Premier League: 10 things to look out for this weekend
tenham’s Tudor age begins with a north London derby, Guardiola ponders...
17m ago from TheGuardian.com
Comments
Hottest News
FIA make decision over legality of radical Ferrari rear-wing
Ferrari briefly trialled a radical rear-wing... Read More »
4h ago from RacingNews365.com
Fernando Alonso reacts to latest Aston Martin misery after...
Fernando Alonso has shared a bleak outlook on the... Read More »
1h ago from RacingNews365.com
2026 Formula 1 Bahrain preseason Test 2: Leclerc tops final...
Charles Leclerc topped the final morning of the... Read More »
1h ago from GrandPrix247.com
