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Ecclestone Wins U.K. Lawsuit Over Formula One Stake Sale

Feb. 20 (Bloomberg) -- Formula One Chief Executive Officer Bernie Ecclestone won a U.K. lawsuit over allegations that bribes were paid to facilitate the 2005 sale of shares in the racing series.

German media company Constantin Medien AG said in a trial last year that Ecclestone bribed a German banker to ensure F1 was sold to private equity firm CVC Capital Partners Ltd, and the deal undervalued its stake.

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To contact the reporter on this story: Kit Chellel in London at cchellel@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net

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