Mercedes Drops Bid to Buy Stake in Alpine
17 Articles
17 Articles
The German team and leader in the F1 world championship made a surprising decision that impacts the team where Franco Colapinto runs.
Mercedes backs out of talks for Alpine buy-in, labels it overpriced
New Delhi: Mercedes has pulled out of talks of buying a minority stake in the Alpine team, feeling that it is overpriced. The German car company and its F1 principal Toto Wolff had agreed with Alpine owners Renault to buy a 24 per cent stake in its team that is owned by investment group Otro Capital. However, Otro demanded a price Mercedes considered heavier than market value, and the deal collapsed. BBC Sport reported sources that Otrohad wante…
German brand Mercedes has decided to withdraw from negotiations to acquire a minority stake in the Alpine Formula 1 team due to disagreements over the asking price. Mercedes, which already supplies engines and gearboxes to Alpine, had shown interest in the 24% stake held by Otro Capital. Initially, the brand had reached an agreement in principle with the majority owner, Renault, to carry out the purchase. However, this transaction has been inter…
Mercedes pulls out of Alpine F1 share talks over asking price
Mercedes is no longer pursuing a minority stake in the Alpine F1 team after disagreeing with Otro Capital's asking price.Mercedes, which is already supplying power units and gearboxes to Alpine, had been interested in acquiring Otro Capital's 24% stake, and the manufacturer had agreed in principle with majority owner Renault to buy them.However, as first reported by the BBC and verified by ...Keep reading
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