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
Enea Bastianini: 'You get scared at Balaton; changes...
No description available...
8h ago from Motorsport.com
Honda confirms Luca Marini to remain a factory rider...
Honda Racing Corporation has confirmed Luca Marini will remain as its...
12h ago from MotorsportWeek.c...
Luca Marini signs contract extension with Honda ahead...
No description available...
13h ago from Motorsport.com
MotoGP riders reveal first laps of new Balaton Park...
No description available...
13h ago from Motorsport.com
Popular On IndyCarToday.com
Scott McLaughlin praises Kyffin Simpson after titanic...
Two Team Penske drivers finished on the podium in IndyCar’s season...
3h ago from MotorsportWeek.c...
Louis Foster narrowly secures IndyCar Rookie of the...
After a season-long battle with two other rookies in the NTT IndyCar...
9h ago from MotorsportWeek.c...
Winners and Losers of the 2025 IndyCar Nashville...
No description available...
20h ago from Motorsport.com
Penske’s Josef Newgarden wins wild 2025 IndyCar...
No description available...
23h ago from Motorsport.com
Popular On TotalWRC.com
Sebastian Ogier wants WRC title by “winning...
No description available...
6h ago from Motorsport.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
1d ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
22h ago from Motorsport.com
Sebastian Ogier and Vincent Landais win inaugural...
After dropping over half a minute on the opening day to winning Rally del...
1d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Arsenal's hectic Deadline Day completes...
Arsenal's busy transfer window ended with an eighth signing in defender...
1h ago from SkySports.com
Report: Arsenal pull off double deal on deadline day...
Arsenal outcasts Albert Sambi Lokonga and Fabio Vieira are now joining...
3h ago from CaughtOffside.com
Arsenal complete Hincapie loan deal
Arsenal have completed a deal with Bayer Leverkusen to sign Piero Hincapie...
2h ago from SkySports.com
What I learned from interviewing this former Arsenal...
It doesn’t really surprise me to see Emi Martinez looking for a move to...
7h ago from CaughtOffside.com
Comments
Hottest News
Former Fernando Alonso F1 team-mate arrested
One of Fernando Alonso's former team-mates has... Read More »
8h ago from RacingNews365.com
McLaren identify cause of painful Lando Norris retirement
McLaren has accepted fault for Lando Norris'... Read More »
12h ago from RacingNews365.com
Lewis Hamilton offered lifeline after late FIA penalty...
As soon as Lewis Hamilton’s penalty was... Read More »
3h ago from GPFans.com
