F1's plans to float on the Singapore stock exchange are continuing to harden. The sport's majority owner CVC has reportedly lined up several banks - including UBS, RBS, Morgan Stanley, Goldman Sachs, Santander, DBS Group Holdings and CIMB - to handle the transaction.
And now media reports, including in the authoritative Financial Times, say Austrian businessman, Nestle chairman and existing F1 board member Peter Brabeck-Letmathe is being lined up to chair the parent company. Bernie Ecclestone would remain chief executive.
It is expected that the 30 per cent, multi-billion dollar floatation could occur as early as June, with Bloomberg reporting that the application could be filed this week. CVC and Nestle, the food giant, declined to comment. (GMM)
F1 racing ahead with $3bn floatation plans
- Published on 26 Apr 2012 12:48
-
0
- By: Rob Veenstra
.
Trending news
-
What Verstappen really said about his Red Bull futureMax Verstappen has acknowledged his Red Bull contract extension through 2030 comes with a sobering reality: the next ...
28 Aug 2026 16:54 -
Racing Bulls join the macarena wing race with Imola testRacing Bulls are testing their own variant of the rotating rear wing design at Imola during a filmday on Tuesday, acc...
28 Aug 2026 15:51 -
Nico Rosberg issues stark warning to former team MercedesNico Rosberg has warned Mercedes that McLaren has become Formula 1's team to beat, delivering a stark assessment ...
28 Aug 2026 14:50 -
Why Alonso credited himself after Zandvoort chargeFernando Alonso delivered a blunt self-assessment after driving from 18th on the grid to ninth at the Dutch Grand Pri...
28 Aug 2026 13:48 -
Why Max Verstappen's 2030 Red Bull contract might not be finalMax Verstappen's new Red Bull contract through 2030 may not be the career-defining commitment it appears, accordi...
28 Aug 2026 12:47
Dutch Grand Prix
Local time
-
Friday
Saturday
Sunday
Dutch Grand Prix
Local time
-
Friday
-
Saturday
-
Sunday
-
Friday
-
Saturday
-
Sunday
Test calendar
Circuit de Catalunya - Winter testing
-
Jan 26
I. Hadjar
- 1:18.159
-
-
-
Jan 27
M. Verstappen
- 1:19.578
-
-
-
Jan 28
A. Antonelli
- 1:17.362
-
-
-
Jan 29
G. Russell
- 1:16.445
-
-
-
Jan 30
L. Hamilton
- 1:16.348
-
-
Bahrain International Circuit - Winter testing
-
Feb 11
L. Norris
- 1:34.669
-
-
-
Feb 12
C. Leclerc
- 1:34.273
-
-
-
Feb 13
A. Antonelli
- 1:33.669
-
-
Bahrain International Circuit - Winter testing
-
Feb 18
G. Russell
- 1:33.459
-
-
Feb 19
A. Antonelli
- 1:32.803
-
-
Feb 20
C. Leclerc
- 1:31.992
-
-
World Championship standings 2026
Pos
Driver
Team
Points
Pos
Team
Points
Related news
Give your opinion!
Formula 1 Calendar - 2026
Date
Grand Prix
Circuit
-
Spain
-
Bahrain
-
Bahrain
Formula 1 Calendar - 2026
Date
Grand Prix & Circuit
-
Spain
Circuit de Catalunya
-
Bahrain
Bahrain International Circuit
-
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
3 - Jul 5
United Kingdom
Silverstone
17 - Jul 19
Belgium
Spa-Francorchamps
24 - Jul 26
Hungary
Hungaroring
21 - Aug 23
Netherlands
Circuit Zandvoort
Replies (0)
Login to reply