News Details
Bahrain’s Mumtalakat expand stake in McLaren group
Mumtalakat increased it stake at McLaren Group buying off that of Saudi Arabia's sovereign wealth fund reinforcing its position as the group's biggest shareholder.
Bahrain's state investment fund Mumtalakat is buying preference shares and warrants worth 400 million pounds ($510.48 million) in carmaker McLaren from Saudi Arabia's Public Investment Fund (PIF) and Ares Management, Sky News reported on Wednesday.
The transaction will
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2y ago from GrandPrix247.com
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