Petrochemicals giant Ineos has no interest in taking over Formula 1 champions Mercedes, team boss Toto Wolff said on Sunday in response to a media report. The Mail on Sunday, quoting former F1 team boss Eddie Jordan, reported that British billionaire Jim Ratcliffe's company was close to signing a 700 million pound ($895 million) deal for the sport's dominant team. Jordan said the team would be called Ineos with Mercedes retaining a 30% share and Wolff, currently a shareholder, no longer in charge. 'People pick up bits and pieces and construct a story around it,' said Wolff when asked about the report at the Tuscan Grand Prix in Italy. 'Daimler [Mercedes parent] has no intent in giving up...
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