Daimler buys Aabar's Mercedes Formula 1 team stake
|By Pablo Elizalde||Monday, November 19th 2012, 12:40 GMT|
German carmaker Daimler is now in full control of the Mercedes Formula 1 team after buying the stake owned by Aabar Investments.
Aabar owned a 40 per cent stake after first buying into the Brawn GP team in 2009 before the company and Daimler became the sole owners in 2011, having acquired the stakes owned by team management including Ross Brawn and Nick Fry.
The team was renamed Mercedes for the start of the 2010 season.
On Monday, Daimler confirmed it is now the only owner of the Brackley-based squad after completing the purchase of the final stake for an undisclosed figure.