Overview
- Mercedes pulled out of negotiations on Friday after Otro Capital demanded about $720 million for its 24% share, a price that implied a roughly $3 billion team valuation.
- Mercedes and its advisers valued Alpine nearer $2.2–2.4 billion and declined to increase their offer, saying the asking price exceeded what they considered a sound financial investment.
- Otro bought the stake in mid‑2023 for roughly $230 million, creating large potential gains for the seller and one reason Otro is seeking a much higher price today.
- Renault retains veto rights over any sale until September and has said discussions have stopped, leaving other suitors such as a consortium linked to Christian Horner and private equity groups as possible buyers.
- The row comes as Alpine secures a major Gucci title sponsorship and navigates weak recent results and losses, factors that explain both the seller’s price hopes and bidders’ caution.