Bernie Ecclestone confirms that the majority share in Formula One has been sold to CVC Capital Partners. Ecclestone will remain as CEO of the F1 company.
CVC Capital Partners is a European private equity firm. CVC was founded in 1981 as the European private equity arm of Citigroup, but after a buyout in 1993 it is owned by its management.
Friday, November 25, 2005
Formula One has been sold to CVC Capital Partners
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