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

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F1 will be floated on the Singapore Stock Exchange
F1 will be floated on the Singapore Stock Exchange

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.

Read the whole story at The Telegraph