F1: Daimler completes team takeover

Daimler completes team takeover By Jonathan Noble Monday, February 28th 2011, 11:29 GMT The Mercedes GP Formula 1 team is now wholly owned by the car manufacturer's parent company Daimler AG and financial partner Aabar Investments PJS, after the two companies bought out the other shareholders in the Brackley-based operation. In a move that had been widely expected ever since Mercedes-Benz took over the then Brawn GP outfit, Daimler and Aabar have purchased the remaining 24.9 per cent of the outfit that was owned by team management including Ross Brawn and Nick Fry. Related posts:

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Source: http://doxcar.com/f1-daimler-completes-team-takeover/

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