LONDON (Reuters) - Private equity firm CVC Capital Partners confirmed on Tuesday that investors Waddell & Reed, Norges Bank and BlackRock had paid $1.6 billion in cash for a 21 percent stake in the Formula One motor racing business.
"We look forward to working with our new partners over the coming years," said Donald Mackenzie, a managing partner at CVC, calling the investment great news for Formula 1.
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