News Details
Ecclestone: F1 IPO is going ahead this year
Formula One's initial public offering (IPO) will definitely go ahead in 2013, according to the sport's chief executive Bernie Ecclestone. CVC, which owns a controlling stake in F1, had hoped to float the sport on the stock exchange last year, but the financial crash stalled those plans. Instead, the investment firm has sold part of its stake to raise funds until the IPO goes ahead. Last year it sold a 28.4 per cent stake to BlackRock, Waddell & Reed and Norges, valuing the business at $7.1 billion (£4.6bn). 82-year-old Ecclestone revealed that CVC are putting the final touches in place, which included registering a new company on April 26th, CVC Delta Topco Nominee, as part of a...
Full Story »
Full Story »
12y ago from TheF1Times.com
0
You May Also Be Interested In...
Lloyds sells stake in Marussia
Lloyds Development Capital (LDC) has sold its 25.3% stake in Marussia...
12y ago from espnF1.com
Lloyds sell Marussia stake
Lloyds Banking Group has sold its 25.3 per cent stake in the Marussia...
12y ago from PlanetF1.com
Lloyds Banking sells its stake in Marussia
Lloyds Development Capital (LDC) an investment arm of the Lloyds Banking...
12y ago from TheF1Times.com
Elsewhere On The Network
Popular On MGPToday.com
Why Francesco Bagnaia seems closer to leaving Ducati...
No description available...
18h ago from Motorsport.com
Jorge Martin likely to miss Sepang MotoGP test after...
No description available...
1d ago from Motorsport.com
Trackhouse Aprilia launches two liveries ahead of 2026...
Trackhouse Aprilia satellite team has launched its two new liveries in...
1d ago from MotorsportWeek.c...
Yamaha admits 2026 MotoGP performance will decide...
Yamaha knows it must deliver a more competitive 2026 MotoGP bike to...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Ed Carpenter Racing reveals multiple organizational...
No description available...
1d ago from Motorsport.com
Will Power sees ‘all the ingredients’ for a...
Will Power is approaching the beginning of his new IndyCar chapter, with...
1d ago from MotorsportWeek.c...
Ed Carpenter to contest 23rd Indianapolis 500
Owner of the Ed Carpenter Racing IndyCar team Ed Carpenter will race in...
2d ago from MotorsportWeek.c...
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Monte Carlo: Oliver Solberg takes early lead...
No description available...
6h ago from Motorsport.com
The headaches facing WRC crews ahead of a ‘proper...
No description available...
15h ago from Motorsport.com
Can Lancia enjoy success on its anticipated WRC return?
No description available...
14h ago from Motorsport.com
Sebastien Ogier still has motivation “to go for...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Roberto de Zerbi namedrops Arsenal duo and 2 other...
Marseille manager Roberto de Zerbi has named Arsenal duo Martin Odegaard...
6h ago from SportsKeeda.com
PL Predictions: Big upset brewing? Why Wolves can beat...
Our football betting expert Jones Knows provides his insight across the...
5h ago from SkySports.com
Report: Mikel Arteta sets sights on signing mercurial...
Arsenal are interested in signing the Brazilian defender Iago Machado. The...
9h ago from CaughtOffside.com
Talks held: Latest on Arsenal & Barcelona...
Arsenal and Barcelona could reportedly be set for a major transfer battle...
15h ago from CaughtOffside.com
Comments
Hottest News
Brawn sees reasons for Hamilton hope as Ferrari prepare to...
Legendary former F1 chief Ross Brawn believes a... Read More »
3h ago from SkySports.com
F1 star confirms team tracked him during rival contract...
An F1 star has revealed that his former team... Read More »
6h ago from GPFans.com
Ferrari F1 2026 car launch: Start time and watch the big...
No F1 car launch in 2026 will be monitored more... Read More »
8h ago from GPFans.com
