Hong Kong conglomerate in race for F1

The conglomerate that owns Superdrug and mobile phone operator 3 was today reported to be preparing a $1bn (€828m) bid to buy Formula 1.

Hong Kong conglomerate in race for F1
Sun, 24 Jul, 2005 - 13:08

The conglomerate that owns Superdrug and mobile phone operator 3 was today reported to be preparing a $1bn (€828m) bid to buy Formula 1.

Hong Kong-based Hutchison Whampoa is understood to have held talks about acquiring a 75% stake in SLEC, the holding company for the subsidiaries that own the commercial rights to Formula 1.

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CourtsBusinessHeathrowPlace: Hong KongPlace: AsiaPlace: ShanghaiPerson: Bernie EcclestonePerson: EcclestonePerson: Hutchison WhampoaPerson: Li Ka-shingPerson: Tom GroupOrganisation: F1Organisation: SuperdrugOrganisation: 3Organisation: SLECOrganisation: Tom GroupOrganisation: JP MorganOrganisation: BayernLBOrganisation: Lehman BrothersOrganisation: Sunday TelegraphOrganisation: Kirch
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