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Ferrari could make Sauber its junior Formula One team

On 20 July 2016 it was announced that Swiss based investment firm Longbow Finance had bought both Peter Sauber and Monisha Kaltenborn's shares in the company, which made Longbow Finance the sole owner of Sauber. Pascal Picci was announced to take Peter Sauber's role as chairman of the board and president.
 
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