Bahrain Completes Takeover Of McLaren Group
Posted on 03/26/2024
Mumtalakat is Bahrain’s SWF. There are apparently many racing fans in Bahrain as the fund has completed a takeover of the McLaren Group. McLaren Group owns a majority stake in Formula 1. Mumtalakat was already an investor in McLaren, and now it will convert all of its preference shares into ordinary shares. Paul Walsh, McLaren’s…
