“One day we’d like to float the company. We’ve got no plans to do that in the imminent future,” CVC co-chairman Donald Mackenzie told Reuters.
Last month it was reported that CVC had received an $865m dividend from its investment in the motor racing brand thanks to a number of lucrative media deals.
The dividend includes a $355m payout that followed a refinancing after the company delayed a planned IPO in Singapore in 2012. Formula One initially planned to raise as much as $3bn via an IPO.
Reports in March this year quoted Formula One head Bernie Ecclestone as saying it could revive the Singapore IPO later this year, although a 2014 listing looks more likely.
Ecclestone has recently been hit with bribery charges in Germany that stemmed from the sale of a stake in Formula One to CVC in 2005.
The 82-year old billionaire allegedly paid $44m to Bayern Landesbank’s chief risk officer Gerhard Gribkowsky to facilitate the sale of its 48 per cent stake at below market value.
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