Motor racing-Abu Dhabi company to sponsor Ferrari F1 team

Newswire

LONDON, Jan 12 (Reuters) - Abu Dhabi's Mubadala Development Company, who already own five percent of Italian carmaker Ferrari, have signed a three-year agreement to sponsor the Formula One team.

"This agreement strengthens our ties with the Emirate of Abu Dhabi, where a Ferrari theme park is being created in a state located in a region in which interest in Formula One is growing ever stronger," said Ferrari chief executive Jean Todt in a statement.

Mubadala, an ...

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