Digital Edition Subscribers: Read Roadracing World Magazine Now >
Roadracing World.com - An Online Service of Roadracing World Magazine
SHARE:
Mar 22, 2015

Yahoo Finance Reports Chinese National Chemical Corporation Has Offered $7.7 Billion U.S. To Buy Pirelli

Italian tire giant Pirelli produces spec tires for World Superbike, and receives ample trackside signage, as seen in this photo from the 2014 season.

Read about it here:

http://finance.yahoo.com/news/chemchina-buy-italia...

The implications for Pirelli's worldwide racing activities are unknown, but the deal will give Chem China's tire unit --China National Tire & Rubber--access to advanced tire-building technology.

It's also unknown if the deal, which has been accepted by Pirelli shareholders, will attract other offers before being finalized.

Top 5 This Week