SPORT

Formula 1 Owners Sell £1bn Of Shares Ahead Of Summer Flotation

23/05/2012 13:25 BST | Updated 23/05/2012 13:26 BST

Private equity firm CVC Capital Partners which owns a controlling stake in Formula One, has sold 21% of the business for $1.6billion ahead of a planned flotation on the Singapore stock exchange this summer.