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Report: Williams Grand Prix explores sale of stake in engineering unit

Williams Grand Prix Holdings PLC is considering selling a stake in its engineering arm after attracting interest from several parties, including private equity firms, Sky News reported, citing unnamed sources.

A stake sale in Williams Advanced Engineering Ltd. could raise tens of millions of pounds for the racing outfit, the report noted.

The owner did not rule out a majority stake sale in the business, although a large minority stake acquisition by a third party would be more likely, sources said.

Williams, which did not comment on the matter, could also opt for debt financing to accelerate the growth of the business, according to the report.