Shanghai: Mercedes on Wednesday addressed reports that team principal Toto Wolff is leading a bid to acquire a minority stake in the Alpine F1 team, offering a measured response to the potential move that could reshuffle the power dynamics of the paddock.

While multiple reports indicate Wolff is eyeing a 24% stake currently held by investment firm Otro Capital, Mercedes has neither confirmed nor denied the specific intentions of the purchase. Instead, as reported by GPblog, a team spokesperson described the relationship between the two outfits as a "key strategic partner" and noted that the German manufacturer is "being kept apprised of the latest developments."

The reported bid places Wolff in direct competition with long-time rival and Red Bull Racing CEO Christian Horner, who has also been linked to a consortium seeking to acquire the same share.

The "strategic partner" designation follows Alpine’s transition to Mercedes power units and gearboxes for the 2026 season, a shift necessitated by the closure of Renault’s internal engine program at Viry-Châtillon.

Industry analysts suggest the bid for the stake values the Enstone-based team at approximately £2.5 billion ($3.2 billion). A successful acquisition of the 24% share would likely require an investment in the region of £600 million ($768 million).

If Wolff or a Mercedes-affiliated entity successfully acquires the stake, it is expected to reignite the debate over multi-team ownership in Formula 1. Critics have previously raised concerns regarding "sister team" dynamics, similar to the existing relationship between Red Bull Racing and the Racing Bulls.

For its part, Alpine has remained tight-lipped regarding the negotiations.

"The team is regularly approached by multiple parties," an Alpine spokesperson said, adding that the team would not comment on specific individuals.

The spokesperson emphasised that any ongoing discussions remain between the current stakeholders at Otro Capital and interested third parties, rather than the team’s operational management.