{"id":15779,"date":"2012-04-10T07:05:28","date_gmt":"2012-04-10T11:05:28","guid":{"rendered":"https:\/\/www.racinginfocus.com\/?p=15779"},"modified":"2012-04-10T07:05:28","modified_gmt":"2012-04-10T11:05:28","slug":"cvc-to-sell-20pc-of-f1-for-2bn-report","status":"publish","type":"post","link":"https:\/\/www.racinginfocus.com\/rif\/f1-general\/cvc-to-sell-20pc-of-f1-for-2bn-report\/","title":{"rendered":"CVC to sell 20pc of F1 for $2bn &#8211; report"},"content":{"rendered":"<p>More details about formula one&#8217;s planned stock market floatation have emerged.<\/p>\n<p>Bloomberg, the financial news agency, said majority owner CVC is seeking $2 billion by floating &#8220;about 20 per cent&#8221; of the sport.<\/p>\n<p>That would value F1 at about $10 billion.<\/p>\n<p>The information was verified by &#8220;four people with knowledge of the matter&#8221;, the report said.<\/p>\n<p>&#8220;CVC wants to conduct the sale in Singapore as early as June, and is in discussions with investment banks about its plans, which aren&#8217;t final,&#8221; Bloomberg added.<\/p>\n<p>The report added that Bernie Ecclestone plans to keep his 5.3 per cent stake and will remain F1&#8217;s chief executive.<\/p>\n<p><span style=\"color: #888888;\"><em>\u00a9 RIF | GMM<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>More details about formula one&#8217;s planned stock market floatation have emerged. Bloomberg, the financial news agency, said majority owner CVC is seeking $2 billion by floating &#8220;about 20 per cent&#8221; of the sport. That would value F1 at about $10 billion. The information was verified by &#8220;four people with knowledge of the matter&#8221;, the report &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0},"categories":[53],"tags":[59,2637,5262,5340],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/15779"}],"collection":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/comments?post=15779"}],"version-history":[{"count":1,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/15779\/revisions"}],"predecessor-version":[{"id":15780,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/15779\/revisions\/15780"}],"wp:attachment":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/media?parent=15779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/categories?post=15779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/tags?post=15779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}