No F1 floatation in 2012 - Ecclestone

Sep.27 (GMM) F1's stock market floatation will not take place in 2012, Bernie Ecclestone has announced

Earlier this year, the sport was making plans to immediately float on the Singapore exchange.

Singapore GP announces a five year extension to the current contract: Bernie Ecclestone, CEO Formula One Group, with Mr S Iswaran, Second Minister for Trade, Industry and Education, and Ong Beng Seng, Owner Hotel Properties Ltd
Singapore GP announces a five year extension to the current contract: Bernie Ecclestone, CEO Formula One Group, with Mr S Iswaran, Second Minister for Trade, Industry and Education, and Ong Beng Seng, Owner Hotel Properties Ltd

Photo by: xpb.cc

But F1's chief executive said in May: "The market doesn't look too bright after that little bit of a problem with (the) Facebook (floatation).

"So I think they are going to wait and see."

Ecclestone has now told the Telegraph: "The float won't happen this year, but next year it will if the markets change."

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About this article
Series F1
Article type Breaking news
Tags ecclestone, f1, fom, gmm, singapore

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