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Williams sell majority of shares in their engineering company
Williams Grand Prix Holdings have sold off the majority shareholding of their Advanced Engineering company to a private equity firm. The Williams Grand Prix Holdings company, which is the parent of the Williams Grand Prix Engineering company that operates the Formula 1 team, has sold off its majority shareholding of their Advanced Engineering company. The sale is expected to be formalised in the next few weeks, and will see a majority equity stake transferred from WAE to EMK Capital LLP. They are a UK based private equity company. The Williams Advanced Engineering company has existed since 2011, and applies engineering solutions to various industries such as motoring and motorsport,...
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4y ago from FormulaSpy.com
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