23 May 2024
F1 team Mercedes to lose Aabar ownership
Daimler and Aabar did not immediately comment
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.
Search
Formula 1 news
23 May 2024
F1 in talks to raise Monaco’s annual race fee
23 May 2024
F1 not ruling out new race deal for Barcelona
23 May 2024
Sainz ’has chosen Audi’ for 2025 and beyond
23 May 2024