Jun.2 (GMM) Abu Dhabi has confirmed talks with Red Bull but denied it is looking to buy the energy drink company's second formula one team Toro Rosso.
A Spanish newspaper reported this week that Aabar, already part-owners of the Mercedes team, was looking to buy a second team through its International Petroleum Investment Company (IPIC) and Spanish oil brand CEPSA.IPIC chief Khadem Abdulla Al Qubaisi was at the most recent Spanish and Monaco grands prix.In a statement issued on Wednesday, Abu Dhabi state-owned Aabar admitted it is "currently evaluating options of a potential project based cooperation with Austrian based Red Bull"."These (talks) comprise possible joint activities between Red Bull's corporate projects and Abu Dhabi -- they neither include Red Bull's formula one teams nor Red Bull's beverage business," Aabar insisted.The statement also said Aabar has a "firm and lasting commitment as a 40 per cent stakeholder in ... Mercedes GP".
