(Reuters) - The Qatar Investment Authority (QIA), the Gulf country's estimated $510 billion sovereign wealth fund, has signed binding agreements to buy a significant minority stake in Audi's Formula One team, the fund and carmaker said on Friday.
The deal was announced during the first day of the Qatar Grand Prix weekend taking place at Doha's Lusail International Circuit, the second-to-last GP of the season.
(Reporting by Yousef Saba, Federico Maccioni and Christina Amann, writing by Andrey Sychev, Editing by Louise Heavens)
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