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Wolff reduces stake in Williams
id="story_continues_1" itemprop="description"> Mercedes Formula 1 boss Toto Wolff has reduced his shareholding in Williams by selling a further tranche of equity to a US businessman. Healthcare entrepreneur Brad Hollinger has increased his stake to 10% from the 5% he bought from Wolff last summer. Wolff had an agreement with Mercedes parent company Daimler to reduce his shareholding to investment level. The former executive director of Williams said the transaction left his stake at 'just short' of 5%. Hollinger now holds the same amount of equity as Williams co-founder Patrick Head. Toto Wolff led Mercedes to the drivers' and constructors' championship in 2014 Team...
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