Blackrock, Norges Bank, and Waddell and Read Invest in Formula 1
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.
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