Nov 29, 2024, 09:54 AM ET
The Qatar Investment Authority (QIA), the Gulf country’s estimated $510 billion sovereign wealth fund, has signed binding agreements to buy a significant minority stake in Audi’s Formula 1 team, the fund and carmaker said on Friday.
The deal was announced during the first day of the Qatar Grand Prix weekend taking place at Doha’s Lusail International Circuit, the second-to-last GP of the season.