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Mercedes Confirmed in Talks to Buy 24% Alpine F1 Stake From Otro Capital

The talks concern Otro Capital’s 24% holding, leaving Renault’s majority control unchanged.

Overview

  • Alpine adviser Flavio Briatore said in Shanghai that Mercedes is discussing a buy-in to the team’s minority holding up for sale.
  • He clarified the discussions are with Mercedes as a company rather than Toto Wolff personally, with three or four bidders still in play, including Christian Horner.
  • The 24% stake belongs to Otro Capital, which paid $233 million in 2023, and Alpine is now widely reported to be valued around $3 billion.
  • Alpine has moved to Mercedes power units for 2026, and Briatore and other paddock figures downplayed conflict-of-interest worries, calling a 24% investor a limited-influence ‘passenger’.
  • Reporting indicates a pre-September sale may require Renault approval and that decision-timing provisions mean negotiations continue without a final agreement.