LONDON, Nov 27 (Reuters) -have cancelled the planned sale of their Formula One interests to Qadbak Investments and agreed a new deal with Peter Sauber to save the team, the carmaker said in a statement on Friday.
"Yesterday,AG reached an agreement with Peter Sauber regarding the sale of the BMW-Sauber F1 team," BMW said. "The contract is subject to the condition that the team has a starting place for the 2010 Formula One season."
"This means that the sale to Qadbak Investment Ltd. that was initially planned will not be completed."
(Reporting by Alan Baldwin, editing by Justin Palmer; To query or comment on this story email firstname.lastname@example.org)
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