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Wolff Reportedly Enters Race for Alpine Stake, Challenging Horner's Bid

A Mercedes-linked bid would tighten ties to its engine customer Alpine, prompting fresh scrutiny over potential conflicts.

Overview

  • Multiple outlets report Toto Wolff, potentially on behalf of Mercedes, is pursuing Otro Capital’s 24% share of Alpine, though none of the parties have confirmed specific bidders.
  • Christian Horner’s interest in the same holding was previously acknowledged by Alpine adviser Flavio Briatore, creating a direct contest for the minority stake.
  • Alpine has begun a long-term supply deal for Mercedes power units and gearboxes running to at least 2030, heightening the strategic significance of any Mercedes-linked investment.
  • Official statements from Mercedes and Alpine say they are being kept informed but do not name bidders, while Renault retains 76% ownership and would need to approve any sale.
  • Reported valuations vary, with most estimates placing Alpine at about £1.5bn–£1.86bn (implying roughly £400m–£450m for the stake), though some reports suggest higher figures.