China’s CMC Capital invests in Formula E
A consortium led by Chinese media-focused private equity firm CMC Capital Partners has acquired a stake in Formula E Holdings, the official promoter of the electric cars racing series FIA Formula E Championship.
Financial details were not disclosed but CMC said the transaction was worth tens of millions of euros. The consortium includes SECA, a CMC portfolio company. Formula E was created in 2012 as a racing...
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