Liberty Media announced the completion of the transaction on purchase of Formula 1

American Corporation Liberty Media announced the completion of the purchase transaction of the group of companies Formula 1. A message posted on the website of the company, RBC.

The new head of Formula 1, as noted in the message of Liberty Media, appointed chase Carey, the former head of the group of companies Bernie Ecclestone appointed its honorary Chairman.

«We are very pleased to have completed the acquisition of Formula 1 and chase will lead this business as CEO,» said President and CEO of Liberty Media Greg Maffei.

He also noted that currently «there is a huge opportunity for the growth of the sport».

«And we are absolutely sure that chase to his ability and experience is the right person to achieve this goal,» concluded Maffei.

Liberty Media acquired Fund CVC Capital Partners for 18.7% of the shares of Formula 1 in September last year. The cost was $ 746 million. Then the company received the right to repurchase 100% of the shares of Formula 1. Their Liberty Media was valued at $ 8 billion (together with the debt race series 4.1 billion). This deal, the international automobile Federation (FIA) approved 19 Jan.

Earlier it was reported that Bernie Ecclestone has dismissed from the post of President of group of companies Formula 1.




Liberty Media announced the completion of the transaction on purchase of Formula 1 24.01.2017

0
Январь 24th, 2017 by
36 queries