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Nov
19th

F1: Daimler now fully owns Mercedes AMG F1 team

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Germany's Daimler is now the full and sole owner of the Mercedes AMG Formula 1 team headed by Briton, Ross Brawn.

Daimler bought Aabar's stake in the Formula 1 team.

Aabar Investments is a private joint stock company registered and incorporated in Abu Dhabi, UAE.

It owned 40% of the Mercedes F1 team after first buying into the Brawn GP team in 2009 before the company and Daimler became the sole owners in 2011.

Daimler confirmed on Monday that it has purchased the final stake for an undisclosed figure.

The Mercedes AMG F1 team will run McLaren refugee, Lewis Hamilton and Nico Rosberg in next year's F1 World Championship.

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