Mercedes’ McLaren buyout signed – report

Thu, 17 August 2006, 12:41

In addition to speculation that Mercedes-Benz is preparing to buy the remaining sixty per cent of McLaren, the German press reported on Wednesday that the deal was signed at a Hockenheim meeting in July.

‘Auto Motor Und Sport’ magazine wrote that team principal – and 30 per cent shareholder – Ron Dennis met with Mercedes officials Thomas Weber and Bodo Uebber prior to the German GP.

Syria-born Saudi Arabian entrepreneur Mansour Ojjeh owns the remaining thirty per cent of Dennis’ outfit, after the German carmaker bought forty per cent of McLaren in 1999.

Auto Motor Und Sport estimated Mercedes’ buyout at (US) $400 million.

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