Bahrain’s Mumtalakat Acquires Full Ownership of McLaren Group

Bahrain’s sovereign wealth fund, Mumtalakat, has acquired full ownership of the McLaren Group, a renowned manufacturer of high-end sportscars and the majority stakeholder of the McLaren F1 team. This acquisition comes at a crucial time for the British company, which has been grappling with significant financial challenges. Amidst the deep financial uncertainty, McLaren sees the takeover as a pivotal moment, positioning it for strategic advancements in the competitive automotive and racing industries.