F1 owners to cash in with new refinancing plan: Reuters
Shareholders in Formula One, including private equity fund CVC Capital Partners, are set to share a US$1 billion dividend thanks to a refinancing of the high-profile motor sport business, Reuters reported. CVC is the largest shareholder in Formula One with a stake of around 35 percent after investing in the sport eight years ago. In 2012, Canada Pension Plan Investment Board (CPPIB) agreed to provide the business with approximately $400 million in debt financing.
18 July 2014•1 min read
