Blackrock, Norges Bank, and Waddell and Read Invest in Formula 1
Posted on 05/23/2012
In 2006, CVC Capital Partners became the controlling shareholder of Formula 1. Today they announced Waddell & Reed, Norges Bank Investment Management and BlackRock combined have invested US$ 1.6 billion in cash for equity interests in Formula 1. In the aggregate, they own 21% of Formula 1.