CVC's Formula One postpones IPO

Ecclestone gave volatile equity markets as the main reason for postponing the public offer, but assured that it was still scheduled for later in the year.

Asian equity markets have recently experienced volatility due to lower than expected growth figures out of China and India.

CVC Capital, the lead investor in Formula One, reduced its stake in the company to around 40% in May 2012. CVC acquired F1 in May 2006, a deal estimated to be worth $1.7bn.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• UK / Ireland
• Exits
• United Kingdom
• IPO
• CVC Capital Partners