Caterham not for sale, says Fernandes


Tony Fernandes, CEO of AirAsia, looks on upon arrival at the domestic airport in Manila May 23, 2014. REUTERS/Romeo Ranoco

LONDON (Reuters) - Caterham owner Tony Fernandes denied on Tuesday that his group of companies, which includes the struggling Formula One team, was up for sale but said it was seeking new investment.

Reports in Malaysia at the weekend had said the AirAsia budget airline boss was seeking to sell the British-based team and sportscar company and an information memorandum was being circulated in the Middle East.

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