CVC Capital Partners Ltd. may seek more than $2 billion from an initial public offering of the Formula One auto-racing series, according to four people with knowledge of the matter.
The private equity firm may sell a stake of about 20 percent in Formula One, one person said, asking not to be identified as the information is private. CVC wants to conduct the sale in Singapore as early as June, though its plans aren’t final, the people said. Full story
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