Lehman Brothers selling 15pc F1 share

Lehman sells F1 shares
Lehman sells F1 shares

Photo by: xpb.cc

Mar.8 (GMM) F1 could be set to get some new shareholders, amid reports the collapsed US bank Lehman Brothers wants to sell its stake within two years.

The bank, which is being wound up to pay back creditors, still holds a 15 per cent stake in the majority CVC-owned holding company Delta Topco, which the Guardian newspaper said is valued at about $1.5 billion.

Lehman Brothers became a F1 shareholder in 2002, when the German media company Kirch defaulted on a loan.

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Series Formula 1
Tags cvc, kirch, lehman