Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Bridgepoint eyes €4bn MotoGP sale - report

(Sharecast News) - London-listed private equity firm Bridgepoint is looking to sell its stake in MotoGP's parent company, Dorna Sports, for up to €4bn (£3.4bn), Sky News reported on Monday, citing unnamed sources.

Formula One car race competition owner Liberty Media was understood to be the frontrunner to buy Dorna, although it is reportedly facing competition from a number of rival bidders.

Sky cited one source as saying Bridgepoint was trying to seal an agreement to sell Dorna within a matter of weeks, although they cautioned that the process remained competitive and the timetable for a deal uncertain.

The eventual price could also deviate from the current €4bn target, they added. Bridgepoint owns close to 40% of Dorna, while a slightly smaller stake is held by Canada Pension Plan Investment Board (CPPIB) and the remaining shares held by Dorna's management.

Share this article

Related Sharecast Articles

WH Ireland in talks with Zeus Capital about sale of capital markets arm
(Sharecast News) - Financial adviser WH Ireland confirmed on Monday that it is talks with UK investment bank Zeus Capital about the potential sale of its capital markets division.
Kefi shares pop on official launch of Tulu Kapi
(Sharecast News) - Kefi Gold and Copper officially launched the Tulu Kapi Gold Mines (TKGM) project in Ethiopia on Monday.
Sajid Javid reportedly in talks to join Shein ahead of London IPO
(Sharecast News) - Singapore-based fast fashion retailer Shein has reportedly approached the former chancellor Sajid Javid about joining the company ahead of its rumoured listing on the London Stock Exchange.
Bradda Head reaches settlement over fraudulent payment
(Sharecast News) - North America-focussed lithium developer Bradda Head announced on Monday that it has reached a settlement agreement over the fraudulent payment initially reported on 29 March 2022.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.