Motor racing-CVC completes Formula One purchase

Newswire

LONDON, March 28 (Reuters) - Private equity firm CVC has completed its takeover of Formula One's commercial rights. CVC Capital Partners said in a statement they had completed the acquisition of the Formula One Group through newly incorporated Alpha Prema UK Limited. "We are pleased that we have now completed our investment in Formula One and look forward to working with Bernie Ecclestone and his team to further develop and grow the business," said CVC's Donald Mackenzie. The European ...

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