Abu Dhabi-owned Cepsa extends Toro Rosso deal
Abu Dhabi-owned Spanish oil company Compania Espanola de Petroleos (Cepsa) has extended its sponsorship of the Toro Rosso Formula One team for 2012. Cepsa's logos will feature on race suits, as well as the nose and rear wing of the new Toro Rosso car, which was launched in Spain on Monday.
Scuderia Toro Rosso team principal, Franz Tost, said: “Having Cepsa on board means a lot to Scuderia Toro Rosso. Cepsa is one of Spain’s leading companies and, just like Formula One, it is expanding its operation all around the world."
Cepsa, which has 12,000 employees and is in an international expansion phase, began sponsoring the team in September last year. It is owned by an investment arm of the Abu Dhabi government, leading to speculation at the end of 2011 that International Petroleum Fund Co. was looking to buy into the Red Bull-owned team.
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