CVC-backed Formula One considering IPO options: Source

London: Formula One (F1), the world renowned motor racing series, is considering options for a stock market listing, a source with knowledge of the matter said.

CVC Capital Partners, which acquired majority control of Formula One in 2006, would continue to be a long-term holder of the business and the initial public offering (IPO) option being explored is only for part of the company, the source said.

A news channel first reported over the weekend that CVC has asked Goldman Sachs to examine a placement of some F1 shares with a new investor. This would be a precursor to a formal IPO process, the news channel reported.

Bureau Report

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