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Fernandes denies Caterham is for sale

Following recent rumours of a possible sale of Caterham, chairman Tony Fernandes has officially denied that the Caterham Group is or will soon be up for sale. Recent reports claimed that Fernandes was preparing to put the company up for sale, but in a press release today, the company formally denies any such moves, instead clarifying they are searching for further investment to strengthen the group. 'The reports circulating this weekend are factually incorrect. 'It is, however, true that the Group is actively searching for additional investment as it seeks to fulfil ambitious plans to develop. The shareholders of the Group, co-Chairmen Tony Fernandes and Datuk Kamarudin Meranun, remain...
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1y ago from F1Technical.net 0
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