Market jitters could slow F1 IPO: source
BARCELONA (Reuters) - Renewed turbulence in global markets could put the brake on plans to float the Formula One motor racing business in Singapore next month, a source close to the deal told Reuters on Saturday. Formula One will be looking carefully at how markets react to the much larger planned listing of social media company Facebook as it weighs whether to proceed, the source said. Private equity firm CVC Capital Partners has owned 63.4 percent of the Formula One business since 2006 and wants to cut its stake to under 50 percent. ...
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