Williams F1 has appointed Pelham Bell Pottinger to handle financial and corporate communications around the launch of its initial public offering and listing on the Frankfurt Stock Exchange.
Williams Grand Prix Holdings, owner of the AT&T Williams team, revealed on the 4th February that they will be floating on the Frankfurt Stock Exchange.
Pelham Bell Pottinger have been appointed to help advise the company and oversee the initial transaction. They will also be handling investor relations and corporate communications.
No new capital needs to be raised. However the move will enable shareholders to monetise part of their shareholdings. The offering and listing are part of a plan which will hopefully help the group with development as well as raising its profile and providing it with a more flexible structure.