2016-07-20 16:34:03

Longbow Finance bought 100 stake in the Sauber

Longbow Finance bought 100 stake in the Sauber

Swiss investment company Longbow Finance bought 100 stake in the and became the sole owner of the Swiss . While monisha Kaltenborn was left to head the .Founder and co-owner of the Zauber has sold all his shares and left all posts in the organization. Moniz, Kaltenborn also sold their shares, but remained a member of the Board of Directors. Moreover, it remains the leader of the . The name will not change. At least in the near future.Pascal Picchi, head of Longbow Finance "As a Swiss company we are pleased to maintain Switzerland's presence in a unique technologically advanced sport".Moniz, Kaltenborn, principal "We are pleased that the deal with Longbow Finance will help to stay in F1 and will make the more competitive. In addition, the new structure will help broaden the scope of applications of our technology."Zauber, the founder of the "Moniz, Kaltenborn I signed an agreement that will ensure the future of . I'm glad my risky investment made six years ago, he saved the and jobs".

   


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