Caterham respond to sale rumours

Following our piece this morning and reports in the media over the weekend, Caterham has responded to the rumours of an impending sale.

In a statement published on their website, Caterham confirmed they were ‘not’ for sale, stating that reports circulating this weekend were “factually incorrect”.

They go on to say:

“It is, however, true that the Group is actively searching for additional investment as it seeks to fulfil ambitious plans to develop.

The shareholders of the Group, co-Chairmen Tony Fernandes and Datuk Kamarudin Meranun, remain wholly committed to the Caterham brand.”

Fernandes added, “The Caterham Group is not for sale. We love what we build and we are always looking for further investment. This is no different to how we started AirAsia.”

“Yes, we are constantly challenging ourselves and making decisions on everything from the structure to projects within the Group. That is normal business. That does not mean we are selling.”

ALSO READ: Tony Fernandes calls ‘time out’ for Caterham.

Written By

Steve Davies

Steve is an investor, private equity advisor and former Partner at KPMG, PwC and Bain. Most importantly he's a life-long car enthusiast, mountain biker and active sports enthusiast. He designs and builds technology platforms and is the architect behind Transmission.