MONACO (Reuters) - Businessman Peter Brabeck, celebrating his appointment as Formula One chairman on Friday, said the motor racing series had not made a decision on whether to proceed with a much discussed $10 billion listing on the stock market in Singapore.
Speaking to Reuters over a trackside lunch with Formula One commercial chief Bernie Ecclestone also in attendance, Brabeck said the business had a plan in hand to replace the octogenarian Ecclestone but hoped it would not be needed for a number of years yet.
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