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Nuerburgring Race Track Sold to Russian Billionaire

Russian billionaire Viktor Kharitonin agreed to buy a majority stake in the Nuerburgring, the German race track known as Green Hell for its challenging Formula One course.

Kharitonin, chairman of Moscow-based Pharmstandard OJSC, agreed to buy two-thirds of the company that controls the Nuerburgring, according to a statement from the property’s administrators today. Kharitonin stepped in after Capricorn Automotive GmbH, an auto-parts maker that agreed to buy the Nuerburgring in March, failed to complete the acquisition, said Pietro Nuvoloni, a spokesman for the administrators. No one at Capricorn was available to comment.