One of F1's new owners has bought even more of the sport, it has emerged. Amid expectations last month that the Singapore floatation was going ahead, the US based asset managers Waddell and Reed, and others, bought a $1.6 billion stake in the formula one business from existing owners CVC.
Reuters and Sky News are now reporting that Waddell and Reed has lifted its new stake by $500 million, to almost 21 per cent. CVC, having cut its stake from 63 per cent to 42 per cent, confirmed the news. The news follows F1's plans to delay its stock market floatation due to market turmoil. (GMM)
New F1 owner ups stake by $500m
- Published on 18 Jun 2012 09:48
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- By: Rob Veenstra
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Formula 1 Calendar - 2026
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Spain
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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
3 - Jul 5
United Kingdom
Silverstone
17 - Jul 19
Belgium
Spa-Francorchamps
24 - Jul 26
Hungary
Hungaroring
21 - Aug 23
Netherlands
Circuit Zandvoort
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