RedBird in Talks to Invest in Renault’s Alpine Formula 1 Team
- Agreement could be unveiled at Alpine UK event next week
- Renault plans full line of models for sports-car brand
The Alpine F1 team's A522 racing car at the Palais de Tokyo, in Paris.
Photographer: Franck Fife/AFP/Getty ImagesThis article is for subscribers only.
Renault SA is in talks with RedBird Capital Partners over a possible investment in its Alpine Formula 1 team, a key part of the French carmaker’s sports-car business, according to people familiar with the matter.
RedBird is considering buying a minority stake in the UK operations of Alpine, and the companies could announce a deal as soon as June 26, when Alpine is scheduled to host an event in Enstone, UK, said the people, who asked not to be identified discussing private matters. An agreement, however, isn’t yet signed and there’s no certainty the talks will lead to a deal, they said.