News Details
INEOS buys one-third stake in Mercedes F1 team, Wolff to stay on
Mercedes-AMG Petronas Formula 1 Team welcomes INEOS as a one third equal shareholder alongside Daimler and Toto Wolff. The Mercedes-AMG Petronas Formula 1 Team is delighted to announce that INEOS will become a one third shareholder in the team, which will be owned in three equal parts by Daimler AG, INEOS and Toto Wolff. The INEOS one-third stake in the team will be in addition to its existing role as Principal Partner. In parallel, Daimler will reduce its current 60% shareholding and Toto Wolff increase his current 30%, in order to create three equal partners in the company. Since the Mercedes-Benz works team returned to Formula 1 in 2010, continuous strategic investment, sporting...
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3y ago from GrandPrix247.com
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