Buyout group HIG poised to buy historic Nuerburgring - sources


FRANKFURT (Reuters) - An investor group led by buyout firm HIG Capital is poised to buy the financially troubled Nuerburgring race track, two sources familiar with the transaction said on Wednesday.

The circuit went into administration in 2012 after local politicians loaded it with debt equating to around 50 years worth of profit, and the famed and feared track started looking for a new owner in the spring of 2013.

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