GPMA responds to EU decision
On behalf of the GPMA manufacturers and teams, below please find a brief response to this morning's (conditional) EU clearance of the planned acquisition of SLEC by CVC. Members of the GPMA are BMW, Honda, Mercedes-Benz, Renault and Toyota.
GPMA response to EU approval
"The GPMA manufacturers and their teams welcome and support the EU clearance of the planned acquisition of SLEC by CVC, conditional upon the divestiture of its subsidiary Dorna. Since CVC announced its intention to acquire SLEC, significant progress in the discussions about the commercial future of Formula One has been made. Today?s approval was actively supported by the GPMA manufacturers and teams and they are optimistic that it will create additional momentum for the ongoing negotiations."
