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Motorsport

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Jonathan Noble

Hitech confirms F1 bid as it announces major new investor

Hitech F1 FIA Silverstone

The Silverstone-based squad, which currently races in F2, F3 and F4, announced on Monday that its parent company Hitech Global Holdings Limited had sold a 25 percent stake to Kazakh businessman Vladimir Kim.

Kim’s main interests are in the mining, banking and aviation sectors, with his Kazakhmys and KAZ Minerals Group’s work in extraction and processing of copper ore making it one of the top ten copper producers in the world.

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One subscription that gives you access to news from hundreds of sites

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