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Sovereign Wealth Funds Briefing - Categorized | Investment

Singapore’s Temasek to buy into F1

Posted on 21 March 2012

In the wake of reports that Formula 1’s chief executive Bernie Ecclestone is eyeing to launch a US$10 billion (S$12.6 billion) initial public offering (IPO) of the sport in Singapore, it has emerged that the city-state’s Government-owned Temasek Holdings has been approached to take a minority stake in the company.
In an exclusive report this morning, Sky News revealed that the moved was made by CVC Capital Partners, Formula 1’s current owners, and that talks are expected to take place in the “coming days”………………………………………..Full Article: Source


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