News Details

Caterham issues denial of sale speculation

Sutton Images Enlarge The Caterham Group has denied widespread reports that it is up for sale, dismissing speculation as "factually incorrect". A press release said instead that the group was "actively searching for additional investment as it seeks to fulfil ambitious plans to develop". The sale news was first reported in The Edge which said a memorandum on the sale was being circulated in the Middle East, for the Caterham Group - including the road car company and the Formula One team - with a price tag of around £350 million. "We love what we build and we are always looking for further investment," said Tony Fernandes. "This is no different to how we...
Full Story »
5mo ago from espnF1.com 0
Share

You May Also Be Interested In...

Fernandes denies Caterham is for sale

Following recent rumours of a possible sale of Caterham, chairman Tony...
5mo ago from F1Technical.net

Fernandes: Caterham Group is not for sale

Tony Fernandes Caterham owner Tony Fernandes denied on Tuesday that his...
5mo ago from GrandPrix247.com

Caterham Group not for sale insists Fernandes

Tony Fernandes has officially dismissed reports that he is intending to...
5mo ago from RichlandF1.com

Fernandes insists Caterham Group not for sale

The Caterham Group is not for sale according to a statement from the...
5mo ago from TheF1Times.com

Comments

comments powered by Disqus

2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.