MAY 29, 1995
Sauber wins Petronas battle
Petronas - the full name is Petroliam Nasional Berhard - was given ownership of all Malaysia's oil and gas resources in 1974 and has since expanded to become a major player on the international oil market with ventures all across Asia and in Syria, Yemen and the Seychelles. The company comprises of a total of 49 companies, half of which are wholly owned subsidiaries. It employs 13,000 people and has annual sales of $6 billion.
Sauber was fighting with Jordan, Arrows and Pacific to win the deal and we understand that the value of the sponsorship dropped by a third in the course of negotiations.