News Details
Bahrain state increases investment into McLaren
Article To news overview © RN365/Michael Potts The Bahrain state investment fund Mumtalakat has expanded its majority stake in McLaren, after buying shares worth £400 million. Mumtalakat announced that it had bought senior preference shareholder stakes in McLaren Group which includes the supercar arm and McLaren Racing, as part of a restructure to achieve their long-term objectives. While no new money will be injected into the company, the Bahrain state has reportedly bought the shares from the Saudi Arabia Public Investment Fund and global investment firm Ares Management, according to Sky News. Both Ares Management and Saudi Arabia's PIF provided £550 million equity investment in...
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2y ago from RacingNews365.com
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