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Latifi family behind McLaren quarter billion dollar boost
A British Virgin Island company, with connections to the family of Formula 2 driver Nicolas Latifi, has invested over a quarter billion dollars into the McLaren Group, including the Formula 1 team, prompting speculation that the young Canadian will find himself a drive with the Woking outfit. McLaren announced in a statement: 'McLaren Luxury automotive and technology company McLaren Group announces it is issuing new equity capital.' 'A capital injection of £203.8-million ($273-million) is being made by Nidala (BVI) Limited to purchase 888,135 ordinary shares in McLaren Group Limited. The proceeds for the new capital will be received over the coming year. This new capital, which is part...
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7y ago from GrandPrix247.com
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