Feb.3 (GMM) Ross Brawn, and an official spokesman for the German marque, have refused to confirm reports that Mercedes is taking over 100 per cent of the Brackley based F1 team.

It was reported on Wednesday that team boss Brawn and his partners had agreed to sell the remaining 24.9 per cent of Mercedes GP to the carmaker and its Abu Dhabi shareholder AABAR.

A Mercedes spokesman did not deny the news but insisted that "We will only inform at a given time when there are facts".

And Brawn, who will reportedly remain team boss while the cars will continue to be built in the UK, told F1's official website that the reports were "just speculation".

"That's not something I am going to comment on," he added.

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