MUNICH Germany (Reuters) - Formula One boss Bernie Ecclestone persuaded private equity fund CVC [CVC.UL] to double its initial valuation when it was buying a stake in the motor racing business, CVC's co-chairman told a German court on Wednesday.
Ecclestone, 83, is on trial for bribery, accused of channelling $44 million (25.69 million pounds) to a German banker in return for smoothing the sale to CVC which became the largest shareholder in Formula One in 2006.
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