THE Mumtalakatthe stateinvestment fund of Bahrainis one step before he gets 100% of it McLaren Group.
This is what he says in his exclusive report Sky Newswhich also speaks of impending announcement of the deal later during the week.
The fund already had a stake in the group, but now bought even more from minority investors, aiming to turn them into contractswhich will be able to be redeemed in case the company enter the stock exchange.
THE complicationcapital structure of the company based in Woking has acted as a deterrent to the ability of global automotive groups to establish a long-term partnership with it in recent years.
Now, with its simplification way of organization its will be able to work with other companies as it enters the process of becoming one hybrid car industry and electric vehicles.
It is not the first time that his state Bahrain comes to financially support the group, as it recently gave “injection» 80 million pounds in the brand, while earlier this year it bought the shares held by its sovereign wealth fund of Saudi Arabia.
THE company has declined to comment on it publicationas reported by Sky News.
Source: Sky News
McLaren GTS: When the 635 PS V8 is combined with a huge luggage compartment (photos)
Brown: “The million dollar question is when did the RB19 stop evolving”