News Details
Dennis set to be McLaren majority shareholder again
Ron Dennis set to be the big boss at McLaren again
Bahrain's sovereign wealth fund Mumtalakat has agreed to sell some of its stake in McLaren to the Formula One team's overall head Ron Dennis, who is set to become the majority shareholder.
'No transaction has taken place, but the shareholders have had discussions on how to best facilitate and enhance the future growth of the McLaren Group,' a McLaren spokesman said on Friday.
'When and if a transaction takes place, it is not envisioned that the current shareholders will exit McLaren completely, and announcements would be made at the appropriate time.'
No details were given about the number of shares involved, with Mumtalakat currently...
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10y ago from GrandPrix247.com
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