Aabar buys into Toro Rosso - report

Nov.23 (GMM) Aabar, the Abu Dhabi state investment arm, may have withdrawn at Mercedes in order to buy into the Toro Rosso team.

Jean-Eric Vergne, Scuderia Toro Rosso STR7 and team mate Daniel Ricciardo, Scuderia Toro Rosso at a team photograph
Jean-Eric Vergne, Scuderia Toro Rosso STR7 and team mate Daniel Ricciardo, Scuderia Toro Rosso at a team photograph

Photo by: xpb.cc

It emerged this week that Aabar had sold back its 40 per cent stake in Mercedes' works team.

But Aabar continues to back Toro Rosso, Red Bull's second Formula One team, through its Spanish oil brand Cepsa.

And Germany's Sport Auto reports that Aabar has now bought part of the Faenza based squad.

"The (percentage) number (of the stake) is between 49 to 61 per cent," the magazine said.

Toro Rosso is yet to comment.

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About this article
Series F1
Article type Breaking news
Tags aabar, mercedes, toro rosso

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