Tag Archives: sovereign

McLaren Has a New Owner

It’s official—McLaren Group has a brand new proprietor. Bahrain Mumtalakat Holding Company, the nation’s sovereign wealth fund, has taken full possession of the automaker, expanding its stake from 60 percent to 100.

There are few clear particulars about what this might imply for McLaren Automotive. The group’s govt chairman, Paul Walsh, mentioned the transfer “will further enable us to focus on delivering our long-term business plan.” That will embrace investing in new merchandise and applied sciences.