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Qatar Investment Authority Acquires 'Significant' Minority Stake in Sauber Holding AG for Future F1 Team Partnership

Qatar Investment Authority Acquires 'Significant' Minority Stake in Sauber Holding AG for Future F1 Team Partnership

11/29/24, 8:45 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/QA.svgqatar
Industry
angel investment
finance
financial services
Type
partnership
Qatar Investment Authority (QIA) announced the acquisition of a 'significant' minority stake in Sauber Holding AG, which will become Audi’s factory team in 2026. This partnership brings a substantial capital injection to increase infrastructure and team buildout, marking QIA's first major venture into F1 and further strengthening the Gulf region's footprint in the sport.

Company Info

Company
Qatar Investment Authority
Location
qatar
Additional Info
The Qatar Investment Authority (QIA) is a sovereign wealth fund of the State of Qatar. It is responsible for managing the country's investment funds and specializes in both domestic and international investments.