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In accordance with media reviews, Bahrain’s state-controlled funding fund Mumtalakat is all set to take full management of the McLaren Group.
Studies counsel that Bahrain’s sovereign wealth fund is about to finalize a cope with McLaren minority shareholders to transform their fairness into warrant-like devices. An official announcement might be made later this week.
Round 20% of the fairness in McLaren can be transformed into new contracts, making the state of Bahrain the only shareholder within the firm.
Earlier this 12 months, Mumtalakat acquired shares in McLaren from Saudi Arabia’s sovereign wealth fund and US-based investor Ares Administration. It has additionally invested an extra 8 million into the corporate.
At present, McLaren presents a variety of supercars, together with the 750S, GTS and the hybrid Artura. In addition to its mainstream choices, the Woking-based model’s portfolio contains the 765LT and the ultra-exclusive Solus GT.
Supply: Sky News
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