Petra Ecclestone, the billionaire Formula 1 heiress, and her husband James Stunt have been granted a divorce after agreeing a settlement behind closed doors.
The pair were due to continue their divorce battle at the Central Family Court on Thursday for the start of a two-day hearing, according to the Telegraph.
Between them, the couple have three children and own a fortune worth an alleged £5.5 billion.
The case was expected to result in one of the biggest settlements in UK legal history.
In a statement, James said: “I am devastated that my marriage has broken down. I love Petra and our children.
“I hope the Press respect our privacy now as we carry out our most important responsibility of being mother and father to our wonderful children.”
A separate statement from a representative of the couple added: “It is announced, with regret, that James Stunt and Petra Ecclestone have agreed to divorce and that decree nisi, uncontested, was granted by HHJ Tolson this morning.
“James is committed to remaining firm friends with Petra and is concerned that the misleading media coverage of their divorce has not accurately reflected the issues which were in dispute.”
Earlier this year, it was revealed that Mr Stunt had signed a prenuptial agreement worth £16 million, but two multi-million properties in Los Angeles and Chelsea were expected to be fought over.