Mumtalakat Drives Solo: Bahrain Fund Takes Over McLaren Group
Bahrain’s sovereign wealth fund, Mumtalakat, has steered itself into the driver’s seat of McLaren Group, acquiring full ownership of the prestigious British automotive and motorsport company. The deal, finalized on March 22nd, 2024, marks a significant shift for McLaren, which had previously operated under Mumtalakat’s majority ownership since 2007. The move comes after years of financial challenges for McLaren. The global pandemic significantly impacted the company, leading […]