A PYMNTS Company

Germany: Tarnished racetrack finds a buyer

By  |  March 5, 2014

The financially struggling Nuerburgring racetrack is said to have finally found a new owner, say reports, since the track first went up for sale last sprint.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Reports say consortium HIG has filed to acquire the track with the Federal Cartel Authority, the regulator said on its website. While the consortium declined to comment, the company is rumored to pay between $82 and $96 million for the assets.

    Formula One’s Bernie Ecclestone is said to have also bid for the track, which currently stands next to the F1 racetrack, used today.

    Full Content: EuroSport

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.