AirAsia's Fernandes trying to sell Caterham Group: report
He seeks £350m for assets including carmaker, F1 Team
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[SINGAPORE] Tony Fernandes, chief executive officer of low-cost carrier AirAsia Bhd, plans to sell the Caterham group of automotive and engineering companies, The Edge Malaysia reported.
The 50-year-old Malaysian businessman is seeking about £350 million (S$ 738 million) for the assets that include UK sports car manufacturer Caterham Cars Ltd and the Caterham Formula One Team, the newspaper said, citing a person it did not identify.
An information memorandum on the sale is being circulated in the Middle East, The Edge reported. Mr Fernandes did not respond to a call and a text message to his mobile phone, as well as an e-mail, seeking comment.
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