Otro Capital steps up efforts to sell Alpine stake

Otro Capital, the minority shareholder holding 24 percent of Alpine, has appointed BDT and MSD Partners to explore a sale of its stake, according to Sportico. Its three-year lock-up has expired, and the stake was acquired in 2023 by a consortium valuing the team at around $900 million.

Alpine adviser Flavio Briatore said in September that there was no shortage of interest, claiming at least seven investors were ready to buy. Multiple bids have reportedly been received, but no agreement has been reached, and the appointment of advisers does not guarantee a sale.

Renault retains its controlling 76 percent stake and has insisted the team itself is not for sale.