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The 39-year-old Briton is set to replace Spanish driver Carlos Sainz at Ferrari.
The five-year agreement with Peroni's 0.0% non-alcoholic version of the beer -- for which financial details were not disclosed -- starts this year and includes branding on Ferrari cars and driver uniforms.
McLaren's Lando Norris and Mercedes' Lewis Hamilton completed the top three.
London-based Enyo Law said Brazilian Massa, now 42, had been 'the victim of a conspiracy committed by individuals at the highest level of F1 together with the FIA and Formula One Management'.
Sainz was deemed 'wholly to blame' for the first corner collision with Aston Martin's Fernando Alonso, who ended up third, at the final re-start of the triple red-flagged race.
Schumacher, whose Ferrari great father also raced for Mercedes from 2010-12, will attend every Grand Prix as back up for seven-time world champion Lewis Hamilton and George Russell.
Verstappen finished second while seven-time world champion Lewis Hamilton was third.
Mexican Sergio Perez, winner of the previous race in Monaco, was second on the streets of Baku.
Leclerc's car was dominant on the upgraded Albert Park circuit as the Monagesque sealed his fourth career win more than 20 seconds ahead of Red Bull's runner-up Sergio Perez.
The Monegasque, who started from pole, crossed the line 5.5 seconds ahead of Spaniard Sainz.