Formula One investment

Waddell & Reed invests another $500 million in Formula One

CVC Capital Partners reduces its stake in the company behind the Formula One race series through another negotiated placement and cancels plans for a Singapore IPO at this time.
<div style="text-align: left;"> Singapore fails to get Formula One over the finish line (AFP) </div>
<div style="text-align: left;"> Singapore fails to get Formula One over the finish line (AFP) </div>
June 19, 2012

CVC Capital Partners has sold another $500 million stake in Formula One to US-based Waddell & Reed Investment Management Company, according to a brief statement published on CVC’s website late Friday.

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