Even ahead of F1's Singapore floatation, the sport has some new owners. Reuters, the specialist financial market news agency, said US-based asset managers Waddell and Reed, Blackrock and Norway's Norges Bank have bought a $1.6 billion stake from existing owners CVC.
The report cited a source "with direct knowledge of the matter". The companies did not immediately comment. It drops CVC's stake from 63.4 per cent to about 40pc, the source said.
We reported on Monday that the Singapore stock exchange approved F1's plan to raise as much as $3 billion in an initial public offering.
Other reports said pre-marketing for the listing, likely to go ahead at the end of June, will begin immediately. "It is not our practice to publicly comment on our dealings with listing aspirants," said a Singapore bourse spokesman.
Some insiders have expressed concern. "Look at the muted first-day response to Facebook's IPO," an unnamed banker told the Singapore broadsheet Straits Times. "The F1 listing is not nearly as attractive and long-awaited as that." (GMM)
CVC sells some of F1 stake for 1.6 billion dollar
- Published on 22 May 2012 15:08
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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
- 1:19.578
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Jan 28
A. Antonelli
- 1:17.362
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Jan 29
G. Russell
- 1:16.445
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Jan 30
L. Hamilton
- 1:16.348
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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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