Buyer confirmed for Nürburgring circuit

The Nürburgring circuit and its assets have been sold after a Europe-wide investor process.

The German venue and its surrounding hotels and theme park have been purchased by the Capricorn Group, a Dusseldorf-based automotive supplier, in a deal in excess of 100 million Euros (83.3 million pounds).

Rival bidders included investment firm H.I.G. Capital and, early on, Formula 1 supremo Bernie Ecclestone.

The firm, which manufactures a range of engine components, already has ties to the vast Nürburgring complex. It currently employs more than 350 staff, 100 of whom are based in a dedicated test centre at the circuit itself.

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