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Bahrain’s Mumtalakat Holding Company Set to Acquire McLaren – The Luxury Lifestyle Magazine
Recent shareholder approval paves the way for Bahrain’s sovereign wealth fund, Mumtalakat Holding Company, to take over McLaren, the prestigious British supercar manufacturer, according to Bloomberg. As part of this substantial deal, the fund is poised to gain control not only of McLaren Automotive but also McLaren Racing, a Formula 1 team holding the title as the championship’s second most successful constructor. The wealth fund’s proposed strategy involves a comprehensive recapitalization of the Woking-based holding company, which houses both McLaren Automotive and McLaren Racing (participating in INDYCAR). This initiative, outlined in a joint press release, aims to introduce a more efficient share structure and governance system. The envisioned reforms are…