Ineos Buys Into Mercedes Ownership
UK-based petrochemical giant Ineos has purchased a one-third stake in the dominant Mercedes Formula One team. Ineos was already a sponsor of the team but Daimler AG decided to reduce their stake and Ineos purchased that opportunity to create an equal three-part ownership consortium consisting of Daimler AG, Ineos and team principal, Toto Wolff. Ineos […]