Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, announced today that it has acquired the senior preference shareholders' stakes in McLaren Group Limited.

 

The deal is part of a proposed broader comprehensive restructuring of the McLaren Group to achieve its long-term objectives, said a statement.

 

Mumtalakat views the McLaren Group’s restructuring, which is subject to ongoing shareholder discussions, as the optimal governance structure to deliver McLaren’s ‘Future of Performance’ strategy, under which the company will continue to create the world’s most innovative and exhilarating supercars, offering a unique and unrivalled luxury customer experience and expanding into new markets and customer groups, it said. –TradeArabia News Service

 

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