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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Daimler buys full control of Mercedes team

Posted on 20 November 2012

German luxury carmaker Daimler has taken full control of the Mercedes Formula One motor racing team after buying a 40 percent stake owned by Abu Dhabi sovereign wealth fund Aabar Investments.
The sale of the Formula One stake is a logical step for Aabar which has been cutting its ties with Daimler. Aabar’s disposal in October was triggered by a failed derivatives deal underpinning the investment firm’s purchase of the shares, sources familiar with the matter told Reuters………………………………………..Full Article: Source


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