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Consortium takes stake in Lotus F1
The Lotus Formula One team announced on Tuesday that a consortium of private investors, including an American hedge fund manager and an Abu Dhabi-based multinational business group, had acquired a 35 per cent stake. The British-based team said in a statement that Infinity Racing Partners Limited had joined Luxembourg-based Genii Capital, who retain the remaining 65 per cent through an investment vehicle, as shareholders. Genii's head Gerard Lopez will continue as chairman of what was formerly the championship-winning Renault team before it changed its name. The statement said Infinity Racing also included "royal family interests of a major oil producing nation" among its...
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12y ago from SuperSport.com
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