{"id":15896,"date":"2012-04-26T06:52:35","date_gmt":"2012-04-26T10:52:35","guid":{"rendered":"https:\/\/www.racinginfocus.com\/?p=15896"},"modified":"2012-04-26T06:52:35","modified_gmt":"2012-04-26T10:52:35","slug":"f1-racing-ahead-with-3bn-floatation-plans","status":"publish","type":"post","link":"https:\/\/www.racinginfocus.com\/rif\/formula-1\/f1-racing-ahead-with-3bn-floatation-plans\/","title":{"rendered":"F1 racing ahead with $3bn floatation plans"},"content":{"rendered":"<p>F1&#8217;s plans to float on the Singapore stock exchange are continuing to harden.<\/p>\n<p>The sport&#8217;s majority owner CVC has reportedly lined up several banks &#8211; including UBS, RBS, Morgan Stanley, Goldman Sachs, Santander, DBS Group Holdings and CIMB &#8211; to handle the transaction.<\/p>\n<p>And now media reports, including in the authoritative Financial Times, say Austrian businessman, Nestle chairman and existing F1 board member Peter Brabeck-Letmathe is being lined up to chair the parent company.<\/p>\n<p>Bernie Ecclestone would remain chief executive.<\/p>\n<p>It is expected that the 30 per cent, multi-billion dollar floatation could occur as early as June, with Bloomberg reporting that the application could be filed this week.<\/p>\n<p>CVC and Nestle, the food giant, declined to comment.<\/p>\n<p><span style=\"color: #888888;\"><em>\u00a9 RIF | GMM<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>F1&#8217;s plans to float on the Singapore stock exchange are continuing to harden. The sport&#8217;s majority owner CVC has reportedly lined up several banks &#8211; including UBS, RBS, Morgan Stanley, Goldman Sachs, Santander, DBS Group Holdings and CIMB &#8211; to handle the transaction. And now media reports, including in the authoritative Financial Times, say Austrian &#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":[3],"tags":[59,3719,2637,3718,5262,5340,3717,3716,3720,3721,3715,151,2145],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/15896"}],"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=15896"}],"version-history":[{"count":1,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/15896\/revisions"}],"predecessor-version":[{"id":15897,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/15896\/revisions\/15897"}],"wp:attachment":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/media?parent=15896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/categories?post=15896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/tags?post=15896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}