Herbies brought in to advise BAT on sale of BAR to Honda

Herbert Smith has advised British American Tobacco (BAT) on the sale of its 55 per cent shareholding interest in Formula 1 team BAR to Honda. The sale is expected to be completed by New Year’s Eve. It will give Honda, which currently owns 45 per cent of BAR, complete ownership of the team. Herbert Smith’s team was led by corporate partner Mark Geday. Honda was advised by Jones Day senior associate Neil Ferguson.