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RENAULT GROUP ANNOUNCES THAT IT HAS RECENTLY ACQUIRED GENII CAPITAL’S REMAINING MINORITY SHAREHOLDING IN ALPINE RACING LIMITED

Renault Group announces that it has recently acquired Genii Capital’s remaining minority shareholding in Alpine Racing Limited, the Enstone-based outfit which runs and operates the BWT Alpine F1 Team. The amicable transaction marks the end of a 7-year relationship which began when Renault Group re-entered Formula One following its acquisition of 90% of the team from Genii in late 2015. Whilst this closes an important chapter in the corporate life of the team, a strong marketing bond will subsist with Genii continuing to feature on the iconic Alpine F1 cars for the entire 2022 FIA Formula One World Championship season.

About Alpine

Founded in 1955 by Jean Rédélé, the brand has set itself apart with its French-style sports cars. In 2018, the brand presented the new A110, a sports car faithful to Alpine's timeless principles of compactness, lightness, agility and driving pleasure. In 2021, the Alpine Business Unit was created. It thus became the brand dedicated to innovative, authentic, exclusive sportscars of Renault Group, benefiting from the heritage and craftsmanship of its historic plant in Dieppe, as well as the engineering mastery from Alpine Racing and Alpine Cars teams.

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