Some confusion there though - it says that Ineos and Toto each have 25% or more, and Daimler Benz UK have 50% or more. So presumably it is in fact Daimler Benz that retain majority control, not a three way equal split as was mooted way back when this story began. Which suggests that the mother company isn't going anywhere any time soon.
I found this in the Mercedes-Benz annual report, on page 220.
https://group.merced...-meetings/2022/
Sale of interests in Mercedes-Benz Grand Prix Ltd.
In December 2020, the Group decided to sell shares in Mercedes-Benz Grand Prix Ltd. In this context, the contractual agreements were concluded in the fourth quarter of 2021. In 2021, the entity’s assets and liabilities are classified as held for sale. Due to its minor importance for the financial position of the Mercedes-Benz Group, the assets (€0.3 billion) and liabilities (€0.2 billion) held for sale are not presented separately in the Consolidated Statement of Financial Position. Due to the effectiveness of parts of the contractual arrangements entered into, the Group recognized expenses before taxes of €96 million in the year 2021, which are included in the Mercedes-Benz Cars & Vans segment.
With the remaining contractual arrangements taking effect in January 2022, the Group has given up control over Mercedes-Benz Grand Prix Ltd. and will include its remaining 33.3% equity interest in the Consolidated Financial Statements in future periods using the equity method. As a consequence, the Group expects to recognise a gain of about €0.4 billion in the first quarter of 2022, which will be allocated to the Mercedes-Benz Cars & Vans segment.
Edited by Pieter, 07 April 2022 - 20:38.