News Details

Renault completes purchase of Lotus

– Renault has formally completed its takeover of Lotus, after finalising a share purchase agreement (SPA) and paying off debts to creditors, including the British tax authorities.Renault, which initially signed a letter of intent with Lotus in September, finally confirmed that it would be purchasing the Enstone-based team at the beginning of the month.Final details, including the payment of debts and share transfers, still needed to be settled, but a lawyer for Renault told the High Court on Monday that the process is now complete."We have a completion of the share purchase. We have the keys, so to speak," a lawyer for Renault was quoted as saying by Reuters during a...
Full Story »
10y ago from GPUpdate.net 0
Share

You May Also Be Interested In...

Renault formally completes Lotus takeover

 XPB Images Renault has formally completed its takeover of the...
10y ago from F1i.com

Renault complete purchase of Lotus

Renault have completed their takeover of the Lotus Formula One team and...
10y ago from SuperSport.com

Renault takeover of Lotus finally completed

Renault's return to Formula 1 with its own team has been formally...
10y ago from Motorsport.com

Verstappen completes ‘most overtaking moves' in...

Toro Rosso driver, Max Verstappen has completed the most amount of...
10y ago from F1Hub.net

Elsewhere On The Network

Popular On MGPToday.com

Fermin Aldeguer to miss MotoGP season opener in...

Gresini Ducati has confirmed Fermin Aldeguer will miss the opening round...
18h ago from MotorsportWeek.c...

Marco Bezzecchi satisfied with ‘smaller’...

Marco Bezzecchi admits the Aprilia bike has slightly improved “in all...
20h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Honda confirms early discussions for 2028 factory...

Honda, one of two engine manufacturers that supply IndyCar, has confirmed...
11h ago from MotorsportWeek.c...

IndyCar announces multi-year extension with engine...

The NTT IndyCar Series has announced a long-term continuation with both...
15h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Popular On GunnersToday.com

Talks held: Tottenham lead race to sign 12 G/A...

Tottenham are reportedly showing the strongest interest in Christian...
56m ago from CaughtOffside.com

“They just keep throwing City a bone, don’t...

Former Chelsea midfielder Craig Burley believes Arsenal are dropping too...
56m ago from SportsKeeda.com

Brentford 1-1 Arsenal: Glad of a point, frustrated by...

Match report – Player ratings – Arteta reaction – Quotes...
56m ago from Arseblog.com

“Do you know what?” - Arsenal hero Martin Keown...

Arsenal legend Martin Keown has agreed with Brentford boss Keith Andrews...
2h ago from SportsKeeda.com

Comments

Hottest News

Recent News


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.