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DATE News (chronologically)
04/13/07
gp2
ART Grand Prix and Bahraini Prince announce merger
ART Grand Prix is proud to announce the arrival of a new prestigious shareholder in their company, the Crown Prince of the Bahrain Kingdom, Shaikh Salman bin Hamad Al- Khalifa.

The capital  of ART Grand Prix will now be distributed between Fréderic Vasseur and  Nicolas  Todt  to  the value  of 35% each,  while  Shaikh  Salman  bin Hamad Al- Khalifa will receive the other 30% of the company shares.  

The  new   deal  reached  by  ART/ASM  will   not  change  anything  in  regard  to  the organization and roles within the company.  

Shaikh Salman bin Hamad Al-Khalifa: With this investment I am very pleased to continue increasing the regions support for motorsport and in particular I look forward to developing the ART/ASM Company well into the future with two very reliable and dynamic partners. In particular, it is my aspiration to see regional drivers at home in the GP2 series in a few years time so that the passion for engineering and the drive to win is encouraged in our youth. However, due to my many duties, the management of the team will remain in the capable hands of the current organizers. I am very excited in regard to the future of our very ambitious team.

Nicolas Todt:   We  are very  proud to  welcome  the  Prince  into our company. This new era  in the company will enable us to face the future with increased development prospects and look  ahead  into  the  long  term.  With  the  Prince’s  arrival,  we  will  have  a  greater potential to develop new projects, armed with solid technical back up.  

Frederic Vasseur:   The merger of ART and ASM into a joint force was the first stage of a company which falls under the duration and it enables us to welcome a solid new investor into the company. I am very proud of this new development which will open new horizons for us and allow us to reinforce our capacity to invest in new technologies. ART Grand Prix Press Release

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