CVC sells more than 20% of its shares

The Reuters news agency announced that CVC Capital had sold more than 20% of its shares invested in F1 to several investment companies, including the American multinational BlackRock. The affair is interesting for CVC which collected 1,6 billion dollars (or approximately 1,25 billion euros) in the operation. It now only owns 40% of the shares and would gradually like to withdraw from this market.

The deal is in any case juicy for F1 since its value has climbed to more than nine billion dollars (around seven billion euros). The date of this operation is undoubtedly not insignificant when we know that F1 will enter the Singapore Stock Exchange next month.