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Automobile F1 – Swiss-based foundation to buy F1 team BMW Sauber

   Posted by: admin   in Automobile, Formula & Indy Cars

Swiss-based foundation Qadbak Investments Ltd. will buy the BMW Sauber Formula One team under an agreement signed Tuesday.

BMW AG gave no financial details of the sale, but said that the foundation “represents the interests of certain Middle East and European-based families.”

It did not elaborate but said that Qadbak’s interest in the Hinwil, Switzerland-based team will be represented by a Swiss national, Lionel Fischer…  Details

This entry was posted on Tuesday, September 15th, 2009 at 12:46 pm and is filed under Automobile, Formula & Indy Cars. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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