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Chinese company seeking controlling interest in Pirelli

Formula 1

Chinese company seeking controlling interest in Pirelli

By alley - Mar 23, 2015, 12:27 PM ET

Formula 1's tire supplier could go from Italian to Chinese majority ownership, if a takeover bid for Pirelli by China National Chemical Corp. and other investors is successful.According to the Wall Street Journal, a unit of China National Chemical known as ChemChina has offered to pay about $1.9 billion initially...

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