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Bahrain's sovereign fund Mumtalakat has taken full ownership of the share capital of McLaren Group, after the completion of a capital reorganisation process, first announced in December last year.
According to a statement issued today by McLaren, under the reorganisation, Mumtalakat becomes the sole shareholder of the company, following the conversion of all preference shares into ordinary shares.
“Today’s announcement crystallises the next phase of the company’s trajectory of growing its leadership position in the luxury super car and motorsports industries," Mumtalakat chief executive Shaikh Abdulla bin Khalifa Al Khalifa said in the statement.
"This reorganisation and new simplified structure positions McLaren for success and opens up strategic avenues, which include exploring new partnerships to enhance the company’s growth over the coming years.
“The completion of this process is also a significant milestone that reflects our support for McLaren’s continued innovation and long-term commitment to excellence."
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