MAY 26, 2006
A1GP to float
The A1 Grand Prix Series has announced plans to float, with the goal of securing full funding for the next few years. A1GP has engaged Nomura Securities to raise finance prior to an Initial Public Offering in the months ahead. RAB Capital plc, a leading investment manager listed in London, will act as the lead investor.
"Since the launch of A1GP in March 2004, the company has gone from strength to strength," said A1 Series chief executive Tony Texeira, "I am delighted that after a strong first season, A1 Grand Prix has attracted the support of high profile investors committed to progressing the Series to the next level."
The series is just finishing finalising its calendar for 2006-2007 and will kick off on October 1 at Zandvoort.
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