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
MotoGP working on rescheduling Qatar GP amid Iran war
No description available...
15h ago from Motorsport.com
Honda pinpoints potential ‘advantage' ahead of...
Honda technical director Romano Albesiano believes there is one specific...
2d ago from MotorsportWeek.c...
Toprak Razgatlioglu’s manager backs Pramac...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Scott McLaughlin faces tough drive from last after...
No description available...
4h ago from Motorsport.com
IndyCar Arlington – Qualifying Results
25 IndyCar drivers took to the track Saturday afternoon to decide the...
5h ago from MotorsportWeek.c...
"Mental error" costs Kyle Kirkwood shot at...
No description available...
4h ago from Motorsport.com
Threat of high winds forces IndyCar to move up...
No description available...
5h ago from Motorsport.com
Popular On TotalWRC.com
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
17h ago from Motorsport.com
Carnage in Kenya
Saturday in Kenya saw one of the most dramatic days in recent Safari...
10h ago from MotorsportWeek.c...
“Probably the toughest rally ever”: Thierry...
No description available...
7h ago from Motorsport.com
Why Evans suffered his first WRC retirement since 2024
No description available...
11h ago from Motorsport.com
Popular On GunnersToday.com
A star is born - the day Dowman announced himself to...
It was all heading one way for Arsenal. Lacking ideas, lacking intensity -...
5h ago from SkySports.com
Expansive Europeans befuddle Premier League elite as...
bled English clubs must realise that what works against the very good...
6h ago from TheGuardian.com
Premier League news: Arteta denies his team...
No description available...
5h ago from TheGuardian.com
Arsenal 2-0 Everton: Premier League – as it happened
Dowman came on to rescue the Gunners and become the youngest scorer in...
5h ago from TheGuardian.com
Comments
Hottest News
Lewis Hamilton blindsided by Top Gear tribute at Chinese...
Ferrari F1 star Lewis Hamilton was left shocked... Read More »
4h ago from GPFans.com
F1 News Today: Lewis Hamilton lets Mercedes secret slip as...
Lewis Hamilton and Mercedes had one of the most... Read More »
3h ago from GPFans.com
F1 confirms decision on 2026 Bahrain and Saudi Arabian races
Formula 1 and the FIA have announced the... Read More »
3h ago from MotorsportWeek.com
