Sale of stake boosts F1
Wednesday 23 May 2012
CVC Capital, which holds the rights to F1, has revealed that it has sold a $1.6bn stake in the business.
The sale of what is believed to be 20 per cent of the sport to a group of investors which includes American investment corporation BlackRock, reduces CVC's holding to around 40 per cent but crucially raises the sport's value to $9.1bn (£5.8bn).
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