Singapore approves $2.5 bn F1 float
22 May 2012, 14:06
Formula One has been given the go-ahead for a $2.5 billion share sale
in Singapore, a source close to the deal told AFP Tuesday, but analysts
said conditions may not be ideal after Facebook's recent
Private equity firm CVC Capital Partners, which has a majority stake in
the glitzy motor sport's holding company, will gauge interest among
investors and fund managers with a view to selling part of its stake at
the end of June.
The source said the Singapore Exchange had approved a listing by Formula One, which has been rumoured for the past two months.
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