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Toro Rosso signs up new sponsor

Principal investment holding company Sapinda Holding has agreed a one-year sponsorship deal with the Scuderia Toro Rosso Formula One motor-racing team for the 2014 season.

Under the deal, Sapinda Holding branding will appear on the team’s driver and mechanic race suits.

The Sapinda Holding logo will also appear on the mirrors and front wing end plates of each Scuderia Toro Rosso F1 racing car.

Sapinda Holding said that it opted to sponsor Scuderia Toro Rosso after it identified F1 as a “relevant global networking platform,” adding that the partnership with the team will be a “key step” in its global business development.