An Indian consortium led by the CEO of the Spice Group, promoters of A1 Team India, is in talks about a possible investment into the Super Aguri team.
Andaleeb Sehgal denied, however, that the deal had already been finalised.
"There has been no acquisition yet," Spice Group CEO Sehgal was quoted as saying by the Indianinfo website. "We are talking to two teams at the moment.
"One of them is Super Aguri. As now we are waiting to come up with a realistic valuation of the team. Should we find a number within our reach we will then proceed to buy."
Super Aguri managing director Daniel Audetto confirmed yesterday the Japanese squad were looking for a partner who will invest in the team.
"We are talking with different people but first Honda has to approve it," he told Reuters. "We are also looking for a strong partner. If they bring a lot of money and they want a driver from wherever, then he has to be good and accepted by the FIA."
Indian investors have been linked with Super Aguri, and they are keen to bring Narain Karthikeyan back to Formula One.
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