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Formula One's $12bn flotation on track
Formula One's proposed flotation on the Singapore stock exchange is still on track to be completed in the next twelve months.
Despite rumours recently circulating that private equity firm CVC was looking at postponing the flotation for a second time, a source close to the company has confirmed that everything is going to plan.
The source told The Guardian that CVC 'isn't planning to sell more stakes before the float,' with the company selling 28.4% of the sport for $2.1bn. The initial date set for the flotation was June 2012, but this was postponed due to the ensuing Eurozone financial crisis. However, the source believes that F1 has increased in value in the meantime.
'If you look at...
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13y ago from RichlandF1.com
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