Daimler takes complete control of the Mercedes F1 team - Mercedes-Benz Forum

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post #1 of 2 (permalink) Old 11-19-2012, 09:32 AM Thread Starter
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Daimler takes complete control of the Mercedes F1 team

Daimler assumes total control of Mercedes F1

Daimler has assumed full control of the Mercedes F1 team after confirming that it has purchased the shares that were owned by Aabar Investments.

Aabar purchased a stake in the team when it took control of the Brawn GP team alongside Daimler in late 2009, with the team then being rebranded the following season as Mercedes.

With Mercedes and Aabar then buying the 24.9 per cent stake owned by the team's management in 2011, the pair found themselves sharing ownership of the team on a 60-40 basis.

Aabar has now sold its shareholding to Mercedes however in a deal which will see the German carmaker assume complete control of the Brackley-based team.

The move comes at a time when Aabar is severing its ties with Mercedes, having already sold its remaining stake in the company that produces cars for the road.

The terms of the F1 deal haven't been announced.
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post #2 of 2 (permalink) Old 11-26-2012, 03:18 PM
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Good news....

I don't think Daimler will be satisfied with being fourth at anything. Next year, Rosberg and Hamilton should help the cause, but with virtually the same cars. Then comes 2014 with the MB factory R&D behind the new cars.


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