More details about formula one's planned stock market floatation have emerged. Bloomberg, the financial news agency, said majority owner CVC is seeking $2 billion by floating "about 20 per cent" of the sport. That would value F1 at about $10 billion.
The information was verified by "four people with knowledge of the matter", the report said. "CVC wants to conduct the sale in Singapore as early as June, and is in discussions with investment banks about its plans, which aren't final," Bloomberg added.
The report added that Bernie Ecclestone plans to keep his 5.3 per cent stake and will remain F1's chief executive. (GMM)
CVC to sell 20 per cent of Formula 1 for two billion dollar
- Published on 10 Apr 2012 16:33
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- By: Rob Veenstra
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Circuit de Catalunya - Winter testing
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Jan 26
I. Hadjar
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Jan 27
M. Verstappen
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Jan 28
A. Antonelli
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Jan 29
G. Russell
- 1:16.445
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Jan 30
L. Hamilton
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Bahrain International Circuit - Winter testing
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Feb 11
L. Norris
- 1:34.669
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Feb 12
C. Leclerc
- 1:34.273
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Feb 13
A. Antonelli
- 1:33.669
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Bahrain International Circuit - Winter testing
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Feb 18
G. Russell
- 1:33.459
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Feb 19
A. Antonelli
- 1:32.803
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Feb 20
C. Leclerc
- 1:31.992
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Formula 1 Calendar - 2026
Date
Grand Prix
Circuit
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Spain
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Bahrain
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Bahrain
Formula 1 Calendar - 2026
Date
Grand Prix & Circuit
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Spain
Circuit de Catalunya
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Bahrain
Bahrain International Circuit
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Bahrain
Bahrain International Circuit
6 - Mar 8
Australia
Albert Park
13 - Mar 15
27 - Mar 29
Japan
Circuit Suzuka
10 - Apr 12
Bahrain
Bahrain International Circuit
17 - Apr 19
Saudi Arabia
Jeddah Street Circuit
1 - May 3
United States of America
Miami International Autodrome
22 - May 24
Canada
Gilles Villeneuve
5 - Jun 7
Monaco
Monte Carlo
12 - Jun 14
Spain
Circuit de Catalunya
26 - Jun 28
Austria
Red Bull Ring
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