News and developments in Asia private equity from Reuters News for the week ending May 11. News and developments in Asia private equity from Reuters News for the week ending May 11.
Tags: FORMULA ONE
Stake sales have slowed Formula One IPO drive
Stake sales have slowed Formula One IPO drive. Formula One cars will roar around Singapore's streets this weekend, but the prospect of the motor racing business floating on the stock market there this year has receded following stake sales by its main private equity backer.
Asia Private Equity Weekly News, June 25, 2012
News and developments in Asia private equity from Reuters News for the week ending June 22. News and developments in Asia private equity from Reuters News for the week ending June 22.
Exor decided Formula One investment too pricey
Fiat and Ferrari's corporate parent Exor opted to pass because the price was too high. Fiat and Ferrari's corporate parent Exor mulled an investment in motor racing company Formula One before its initial public offering, and opted to pass because the price was too high, Chairman and CEO John Elkann said on Tuesday.
CVC to further cut Formula One stake after IPO: sources
Private equity firm CVC Capital Partners CVC. UL will cut its ownership stake to about 30 percent in the Formula One motor racing business after the company's up to $3 billion IPO by selling shares on the public market, sources said on Thursday.
