CVC sells more of F1 business
Honda F1 website
Honda website

JUNE 17, 2012

CVC sells more of F1 business

F1 commercial rights holder CVC Capital Partners has sold a further $500m stake in Formula One after unloading a 21% stake to three investors, Black Rock, Norges Bank and Waddell & Reed on May 22.

The latter group has invested further, increasing its aggregate holding to 20.9% CVC said, against an enterprise value -- an economic measure reflecting market value of a whole business -- of $9.1bn.

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