Report: Mercedes to buy out Brawn
German carmakers Mercedes are taking full control of their Formula One team by buying out team principal Ross Brawn and four partners, a German news report said on Wednesday.
Auto, Motor und Sport magazine reported on its website that Mercedes are taking over the 24.9 per cent Brawn and his partners kept when they sold former BrawnGP to Mercedes after winning the 2009 World title.
The report said the deal is to be finalised ahead of the season-opening 2011 race on 13 March in Bahrain.
Mercedes unveiled their new car for record seven-times World Champion Michael Schumacher and fellow-German Nico Rosberg on Tuesday ahead of first pre-season tests in Valencia, Spain.
Credit: PlanetF1.com (www.planetf1.com)
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