An American investment consortium led by HIG Capital has reportedly moved to acquire Germany’s famed Nurburgring race complex.
The firm is said to have submitted an acquisition proposal to the German competition regulator, the Federal Cartel Office, for a significant portion of the Nurburgring’s assets, according to Reuters.
The group is allegedly preparing to pay no more than 60-70 million euros (~$83.4-$97.3 million USD) for the complex, representing approximately half of the initial asking price of 125 million euros (~$174 million USD) in March of last year.
The buyout reportedly includes … More
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