Highlights

ING announces sponsorship of Renault

(Reuters)
Updated: 2006-10-17 08:38

AMSTERDAM, Oct 16 - Dutch financial services giant ING announced a three-year title sponsorship deal with Formula One champions Renault on Monday.

ING take over from Japan Tobacco cigarette brand Mild Seven, departing after 13 years in the sport with Benetton and successors Renault.

"This is an important agreement for the growth and development of the Renault F1 Team, providing long-term stability that reinforces our long-term commitment to the sport," team president Alain Dassas said in a statement.

No financial details were given.