Mark Jenkins News
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Canada Pension Plan Investment Board, the country’s biggest public pension manager, joined a venture formed by KKR & Co. and Stone Point Capital LLC to manage and underwrite debt and equity deals.
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Banker Gerhard Gribkowsky may have taken a $50 million kickback for engineering the sale of Formula One, the world’s most-watched motor sport, German prosecutors say. Who paid that suspected bribe, they aren’t saying.
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News Corp. and the Agnelli family’s Exor SpA face “Olympic-sized” negotiations should they go ahead with an attempt to buy Formula One auto racing, team owner Frank Williams said.
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Formula One boss Bernie Ecclestone ushered team managers into his trailer at the Indianapolis Motor Speedway. Nearby, mechanics tended to an array of million-dollar racing cars.
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McLaren, the U.K. motor-racing team that trails only Ferrari in Formula One victories, is switching its pursuit of the Italian icon from the track to the road.
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CVC Capital Partners Ltd. said today it agreed to sell 21 percent of Formula One to BlackRock Inc. and two other investors for $1.6 billion as it prepares an initial public offering of the auto racing series.
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Formula One chief executive officer Bernie Ecclestone said other groups have made approaches about buying the series apart from prospective bidders News Corp. and the Agnelli family’s Exor SpA.
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Supertanker owners are coping with the second-highest fuel costs on record by sailing ships at the slowest speeds in at least three years, reducing vessel supply and bolstering charter rates.
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Red Bull GmbH leads Formula One brands including Ferrari SpA in television exposure after spending more than $675 million in five years, research shows.
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