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Home News Auto News Chinese Tyre Maker To Make Bid For Pirelli Chinese Tyre Maker To Make Bid For Pirelli Auto News Hans | June 26, 2015 03:53 pm China National Tyre and Rubber Company (CNRC) will be making a takeover bid for Italian tyre maker Pirelli, reports the New York Times. CNRC's bid for Pirelli is made via Camfin, Pirelli's largest shareholder, which has agreed to sell its 26.2 percent stake in Pirelli to CNRC.Camfin's owners - among others include Nuove Partecipazioni, which is owned by Pirelli's chairman and CEO Marco Tronchetti Provera - will then form a partnership controlled by CNRC, which will then hold the stake in Pirelli before initiating a takeover bid for all of Pirelli's outstanding shares.If successful, CNRC will reportedly seek to delist Pirelli and integrate Pirelli within CNRC.Pirelli has been the sole tyre supplier for Formula One since 2011, after Bridgestone pulled out of the sport. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags Pirelli Print Related News Run Flat Tyres vs Regular Tyres - Features Comparison Insights Adam Aubrey | March 25, 2022 What are the differences between Run Flat Tyres and Regular Tyres? How do their features compare?Since the beginning of automotive history, tyre ... Comments
Chinese Tyre Maker To Make Bid For Pirelli Auto News Hans | June 26, 2015 03:53 pm China National Tyre and Rubber Company (CNRC) will be making a takeover bid for Italian tyre maker Pirelli, reports the New York Times. CNRC's bid for Pirelli is made via Camfin, Pirelli's largest shareholder, which has agreed to sell its 26.2 percent stake in Pirelli to CNRC.Camfin's owners - among others include Nuove Partecipazioni, which is owned by Pirelli's chairman and CEO Marco Tronchetti Provera - will then form a partnership controlled by CNRC, which will then hold the stake in Pirelli before initiating a takeover bid for all of Pirelli's outstanding shares.If successful, CNRC will reportedly seek to delist Pirelli and integrate Pirelli within CNRC.Pirelli has been the sole tyre supplier for Formula One since 2011, after Bridgestone pulled out of the sport. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags Pirelli
Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price.
Run Flat Tyres vs Regular Tyres - Features Comparison Insights Adam Aubrey | March 25, 2022 What are the differences between Run Flat Tyres and Regular Tyres? How do their features compare?Since the beginning of automotive history, tyre ...