CVC plans $2b Formula One IPO in Singapore - report
CVC Capital Partners is heading towards a $2 billion initial public offering (IPO) for Formula One Group in Singapore. The private equity firm may sell a 20% stake in the motor racing series and complete the sale as early as June.
Formula One Group is responsible for the promotion of the FIA Formula One World Championship and the exploitation of the sport's commercial rights. CVC acquired a majority stake in the company through...
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