F1

Cosworth eyes stock market float - report

By GMM

Cosworth truck in the paddock
Cosworth truck in the paddock

Photo by: xpb.cc

Formula one engine supplier Cosworth is reportedly considering a stock market floatation.

The Sunday Times reported that the independent Northampton-based outfit has appointed UK investment bank JPMorgan Cazenove to consider the initial public offering.

Without naming the source of the information, the newspaper said the floatation could value Cosworth - supplying engines in formula one to Williams, HRT and Virgin - at more than $400 million.

Ford sold Cosworth to US investors Gerald Forsythe and Kevin Kalkhoven in 2004.

Also rumoured at Istanbul Park on Sunday was that troubled Williams is considering switching to Renault power for 2012.

Renault Sport F1, currently supplying the Lotus Renault, Team Lotus and Red Bull teams, said recently it has the capacity to equip a fourth team.

Write a comment
Show comments
About this article
Series F1
Tags business, cosworth

User photos

EuroRacer
F1

EuroRacer

45 photos
Josefine Lißner
F1

Josefine Lißner

1 photos
hanmerdesign
F1

hanmerdesign

9 photos
Evan_DeCiren
F1

Evan_DeCiren

30 photos
colfox72
F1

colfox72

1 photos
gillfoto
F1

gillfoto

1 photos
akazoinho
F1

akazoinho

4 photos
Tim Holmes
F1

Tim Holmes

25 photos
Upload photo