F1 warming up for Singapore IPO

  • Business
  • Thursday, 22 Mar 2012

LONDON: Formula One chief Bernie Ecclestone said yesterday he had recommended Singapore as the best place to float the motor racing business, seeking to tap Asian enthusiasm for international sporting brands.

Ecclestone, 81, stressed that he made the proposal, but a decision on any flotation was up to CVC Capital Partners, the private equity company that has owned a majority of the business since 2006.

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