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Official: Caterham Group not for sale

NEWS STORY
27/05/2014

Following speculation at the weekend that Tony Fernandes is looking to sell his F1 team, Caterham has issued an official statement.

It reads:

Despite press rumours to the contrary, Caterham Group is not for sale.

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 wholly committed to the Caterham brand.

Fernandes confirmed: "The Caterham Group is not for sale. We love what we build and we are always looking for further investment. This is no different to how we started AirAsia. Yes, we are constantly challenging ourselves and making decisions on everything from the structure to projects within the Group. That is normal business. That does not mean we are selling."

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