Reuters: Private Equity: Formula One boss has proposed Singapore IPO

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Formula One boss has proposed Singapore IPO Mar 21st 2012, 10:55 LONDON, March 21 | Wed Mar 21, 2012 6:55am EDT LONDON, March 21 (Reuters) - Formula One chief Bernie Ecclestone said on Wednesday he had recommended Singapore as a location for a flotation of the business but added that a decision was up to private equity owners CVC. Asked about reports of a listing in Singapore, Ecclestone told Reuters: "That's what I've proposed to them (CVC)." Speaking to Reuters in a telephone interview, Ecclestone referred further queries to CVC, the private equity company who own a majority stake in the motor racing business.

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