Documents released by the European Commission reveal that approval has been given for Bayerische Landesbank to 'buy out' the two other creditor banks - JP Morgan and Lehman Brothers - which own 75 percent of Formula One.

Bayerische Landesbank had not previously revealed that it was trying to buy the 28 percent owned by the other two banks.

With the deal approved, Bayerische Landesbank will now own 75 percent of Speed Investments Limited, which, in turn, owns Formula One Asset Management Ltd, Formula One World Championship Ltd, Formula One Holdings Ltd, Formula One Administration Ltd, Petara Ltd. (Jersey), Formula One Management Ltd, Formula One Licensing BV, Formula One Productions Ltd, Formula One World Travel Ltd and Formula 1.com Ltd.

LATEST NEWS

more news >

LATEST IMAGES

galleries >

Click to go to the main galleries section

POST A COMMENT

or Register for a Pitpass ID to have your say

Please note that all posts are reactively moderated and must adhere to the site's posting rules and etiquette.

Post your comment

Sign in or register for a Pitpass ID to leave a comment here!

post comment

READERS COMMENTS

No comments posted as yet, would you like to be the first to have your say?

And then there was one

LATEST NEWS

RELATED ARTICLES

LATEST IMAGES

POST A COMMENT

Post your comment

READERS COMMENTS

Share this page