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Alpine stake still for sale despite multiple offers
Nov.12 Alpine's minority shareholder Otro Capital is stepping up efforts to sell its stake in the Formula 1 team, despite months of speculation linking potential buyers including Toto Wolff and Christian Horner. According to Sportico, the American investment firm has appointed BDT and MSD Partners to explore the sale of its 24 percent holding. Otro led a consortium that acquired the stake in 2023, valuing Alpine at around $900 million, with investors including Hollywood star Ryan Reynolds and NFL player Travis Kelce. The three-year restriction on selling the stake has now expired, opening the door to a potential deal. Alpine advisor Flavio Briatore claimed in September that there was no...
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