Bahrain’s Mumtalakat To Own McLaren Racing
Posted on 12/20/2023
Bahrain’s sovereign wealth fund Mumtalakat increased its ownership in F1 racing team McLaren Group over the summer, and now the SWF will become McLaren’s full owner. A recapitalization was offered by Mumtalakat and accepted by shareholders. Per Mumtalakat: “The recapitalization, which will introduce a simplified share structure and streamlined governance process, represents an important step…
