FILE PHOTO: A logo is pictured in the headquarters of INEOS chemicals company in Rolle, Switzerland, November 13, 2017. REUTERS/Denis Balibouse
(Reuters) -Petrochemicals giant Ineos will acquire a third share of the Mercedes Formula One team with parent company Daimler AG cutting back its stake, the Formula One champions announced in a statement on Friday.
Ineos, owned by British billionaire Jim Ratcliffe, will become an equal partner in the team together with Daimler and the F1 outfit’s chief executive and team principal Toto Wolff.
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