CVC sells further $500 million F1 stake

CVC has sold a further $500 million stake in Formula 1, almost a month after announcing a 21 per cent sale to a trio of investors for a total investment of $1.6 billion. The sale also comes just 16 days after Bernie Ecclestone confirmed in Canada that the planned flotation on the Singapore Stock Exchange would be postponed in the wake of ongoing market unrest.

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