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Quote:
Renault has confirmed it remains committed to Formula 1, after announcing on Wednesday that it has sold a large stake in the team to Luxembourg company Genii Capital, as AUTOSPORT predicted.
Following weeks of uncertainty about the future of the team, Renault issued a statement revealing its tie-up with Genii Capital, a company led by businessman Gerard Lopez.
http://www.autosport.com/news/report.php/id/80594
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