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INEOS purchase a third shareholding in Mercedes AMG
Mercedes AMG F1 team's ownership will now be split three ways, as INEOS have bought an equal share of the team to match the existing shareholders. The Mercedes AMG Formula 1 team will now be owned by three separate parties, as INEOS have come on board as a one third shareholder. The British company became a title sponsor of Mercedes for 2020, with Sir Jim Ratcliffe's company purchasing a third of the team recently. Daimler AG, Merc's parent company, will reduce their shareholding from 60% to 33%, with Toto Wolff increasing his stake from 30% to 33%. Since the Mercedes-Benz works team returned to Formula One in 2010, continuous strategic investment, sporting commitment and commercial growth...
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4y ago from FormulaSpy.com
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