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UK - CVC gets green light for F1 deal

Guy
21 March 2006

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The European Commission has approved the acquisition of the Formula One Group by funds managed or advised by CVC Capital Partners Group.

The approval of the European Commission was subject to an undertaking by CVC to divest its interests in Dorna Promocion del Deporte SA. Dorna organises and manages the commercial rights for the FIM Motorcycle Road Racing World Championship (known as MotoGP), which was acquired by CVC in June 1998. CVC has been provided with adequate time to conduct an orderly sale process.

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Permira to take Ergomed private for GBP 703m

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