Williams said its first day as a listed company had "gone well" © Williams
A Dutch investment company has become a significant shareholder in Williams, after the F1 team was partly floated on the Frankfurt stock exchange on Wednesday. Cyrte, a subsidiary of the financial services provider Delta Lloyd Group, bought 5% of the British outfit.
"I think it's all gone well," Williams chairman Adam Parr told the Daily Telegraph, despite the shedding of approximately 5% of the value of the floated shares in the opening day of trading. "It's not an easy moment to be born into the financial market but I felt from speaking with investors face to face over the last month that it would go well. It's exciting."
Cyrte, headed by John de Mol, has previously owned shares of the Dutch sports car maker Spyker and English football club Manchester United. The company confirmed its Williams investment in a statement.
"We have not entered into contract yet with Cyrte but when I met with them they outlined how they would like to develop the relationship," added Parr. He confirmed to the Financial Times that 20% of the team is now held by "really good institutions".
Parr also said he thinks Ferrari and McLaren will eventually reconsider their current decisions not to float shares.
Credit: ESPN F1 (en.espnf1.com)
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