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P1racenews AI automatic summary:
F1 team complete €200m sale to US investor
The Alpine Formula 1 team has recently closed a deal worth €200 million with American investors, specifically Otro Capital. This agreement ensures that the US investors now have a substantial 24% ownership stake in the team. The successful finalisation of this deal indicates a strong financial backing for the Alpine team. This partnership with Otro Capital is expected to bring not only financial support but also strategic expertise to help the team excel in the highly competitive world of Formula 1 racing. With this new investment, Alpine aims to strengthen their position and achieve greater success on the race track.
