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Proton denies sale of Lotus to Genii Capital

by Noah Joseph (RSS feed) on Oct 12th, 2011 at 6:31PM

Keen followers of automotive news – particularly the financial side of things – may recognize the name Genii Capital. A couple of years ago, the Luxembourg-based investment firm began acquiring an increasingly large stake in the Renault F1 team. Then, in 2010, the company partnered with F1 chief Bernie Ecclestone in a bid to buy Saab. The latter offer was ultimately rejected, but Genii was evidently not deterred. While it is expected that Lotus, which currently sponsors the majority Genii-owned Renault team, could acquire a significant stake in the team, the latest reports... Read More

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