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Home  //  News  //  F1 team Mercedes to lose…

F1 team Mercedes to lose Aabar ownership

Apr.19 (GMM) Mercedes GP could be set to lose a major shareholder. Citing informed sources, the German 'Manager Magazin' reports that the Abu Dhabi investment vehicle Aabar is in talks to end its involvement with the Brackley based team as well as Me...

DateApr 19 2012
Read01:30

Mercedes GP could be set to lose a major shareholder.

Citing informed sources, the German ‘Manager Magazin’ reports that the Abu Dhabi investment vehicle Aabar is in talks to end its involvement with the Brackley based team as well as Mercedes’ parent Daimler. Daimler and Aabar did not immediately comment.

Aabar owns 40 per cent of Mercedes GP, but recently watered-down its Daimler involvement from 9 to just 3 per cent.

Source:GMM

Words: Forumula1.com Staff // FORUMula1.com