Wolff sells stake in racing company HWA

MAY 19, 2015

Wolff sells stake in racing company HWA

Toto Wolff has continued to narrow his focus on formula one with Mercedes.

Since taking over as the German giant's team boss, the 43-year-old has been diluting his shareholding in the rival Williams team.

And on Tuesday it emerged that Wolff has sold his significant stake in HWA, the Mercedes-linked company involved in the German touring car series DTM.

Wolff bought the 49 per cent shareholding in 1999. HWA confirmed that founder and chairman Hans Werner Aufrecht has increased his stake in the process.

"The transaction took place in the context of the reorganisation of the investment portfolio of Mr Wolff," the company said.

(GMM)

Other stories for MAY 19, 2015

AUDI NOT INTERESTED IN F1 PROBLEMS

MEXICO CONFIRMS 2015 GRAND PRIX SOLD OUT

ECCLESTONE STILL PUSHING FOR POWER UNIT AXE

ALONSO EYES FIRST POINTS IN MONACO

FERRARI SURE UPGRADED CAR IS BETTER

SAINZ EVEN FASTER THAN VERSTAPPEN

F1 NOT CENTRE OF UNIVERSE SAYS LOPEZ

F1 AND LE MANS NOT THAT DIFFERENT SAYS HULKENBERG

INDIA NOT POISED FOR F1 RETURN

MERHI KEEPS MANOR SEAT FOR MONACO

WOLFF SELLS STAKE IN RACING COMPANY HWA