. A declaration released by the group today reviews:
The Sauber Group is pleased to reveal the adjustment of its possession. Complying with the finalizing of the purchase contract with the existing investors, Longbow Finance S.A. will totally get Sauber Holding AG which is the best holding company of the Sauber Group.
Peter Sauber, President of the Board of Directors, Sauber Holding AG: "Monisha Kaltenborn and also I the other day authorized a contract which safeguards the future of the Formula 1 Team as well as the Sauber Group. I am extremely satisfied that my bold investment to purchase the group back, which I made 6 years back, with the purpose to protect the base in Hinwil as well as the location in Formula 1 has actually confirmed to be appropriate."
There will certainly be no modifications to either the company or the group name.
Peter Sauber will certainly relinquish all features, being been successful by Pascal Picci as Chairman of Sauber Holding A.G. Monisha Kaltenborn will certainly continue to be as a participant of the Board of Directors and also continuously lead the company in her features as CEO and also Team Principal.
" This option remains in the most effective passion of our staff members, companions, dedicated vendors, the base in Hinwil and also for the Swiss motorsport. We are extremely thankful that Longbow Finance S.A. believes in the capabilities, effectiveness and also capacities of Sauber Group, and also we anticipate a brand-new interesting future."
Monisha Kaltenborn, CEO and also Team Principal: "We are really happy that by getting to a contract with Longbow Finance S.A., we could protect the future of Sauber at the peak of motorsport. We are encouraged that Longbow Finance S.A. is the ideal companion to once more make the group affordable as well as effective in Formula 1. At the exact same time the brand-new framework will certainly permit us to ultimately additional broaden our 3rd party company where we commercialize our expertise.
Pascal Picci, President & CEO, Longbow Finance S.A.: "As a Swiss company, we are extremely delighted with having actually safeguarded the future of a Swiss existence in a very specialized as well as cutting-edge market."