News Details
Williams sells subsidiary for large sum
The Williams company has officially sold subsidiary WAE for 195 million euros. With the hefty sum the company is raising, theoretically the Williams F1 team can be maintained for almost two years. Williams 195 million richer The subsidiary in question is Williams Advanced Engineering (WAE). The rumors were already going around, but Speedweek.com reports that the rumors turned out to be true and that the sale is completed. Indeed, the amount involved is 195 million euros, for which WAE has been sold. The company has been bought by the second-richest Australian Dr. Andrew Forrest who can probably easily spare the 164 million pounds. Read more Horner leaves Hamilton alone: 'That's not our...
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2y ago from GPBlog.com
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