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 »
12y ago from TheF1Times.com 0
Share

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

Joan Mir reflects on ‘long, tiring journey' to...

Joan Mir and Honda celebrated their first MotoGP podium finish together...

Pedro Acosta: Marc Marquez 2025 title ‘the...

Pedro Acosta believes Marc Marquez's 2025 MotoGP title triumph is the...

Popular On IndyCarToday.com

Mick Schumacher set for IndyCar test with RLL

Rahal Letterman Lanigan Racing has announced that it will bring in Mick...

Andretti hires ex-Penske director Ron Ruzewski as...

Andretti Global announced on Wednesday that it has hired Ron Ruzewski as...

Popular On TotalWRC.com

Hyundai WRT on the attack

Hyundai Shell Mobis World Rally Team is not taking their 2025 drubbing at...

Popular On GunnersToday.com

Saliba signs new long-term contract with Arsenal

William Saliba has signed a new long-term contract with Arsenal.
3h ago from SkySports.com

“Every Real Madrid defeat is like a balm for my...

Arsenal cult hero Andrey Arshavin has expressed his desire for Real Madrid...
1h ago from SportsKeeda.com

Official: Arsenal confirm William Saliba has signed a...

Arsenal have officially confirmed that star defender William Saliba has...
2h ago from CaughtOffside.com

Arsenal are in good shape after the opening six games

Morning. I remain very pleased with our win over Newcastle on Sunday, and...
4h ago from Arseblog.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.