News Details
Longbow Finances acquire Sauber F1 Team
The Sauber group have announced a change in ownership. Following the signing of the acquisition agreement with the current shareholders, Longbow Finance S.A. will fully acquire Sauber Holding AG which is the ultimate holding company of the Sauber Group. It is Longbow Finance S.A.’s clear intention to stabilise the group and create the basis for a competitive and successful future. This transaction also secures the continuation of the brand Sauber in Formula One and will open opportunities to further grow the engineering activities of the group. There will be no changes to either the company or the team name. Peter Sauber will retire from all functions, being succeeded by Pascal Picci...
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10y ago from JWGrandPrix.com
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