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Renault takeover of Lotus finally completed
Renault's return to Formula 1 with its own team has been formally confirmed, following the official takeover of the Lotus squad. Following months of discussions between the French car manufacturer and the Enstone-based outfit, an announcement was made earlier this month stating that Renault was preparing for its comeback. However, the last bits of paperwork, payment of debts and transfer of shares still needed to be finalised before the project could move forward. That has now been done, with Renault's lawyers telling a British high court judge at a hearing on Monday that its takeover was done. "We have a completion of the share purchase," a lawyer was quoted as saying by Reuters....
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