Bahrain's sovereign wealth fund is gaining full ownership of McLaren Group, one of the most revered names in British premium manufacturing, as part of long-term plans to secure a partnership with a global industry giant. Sky News has learnt that Mumtalakat, the Gulf state's investment fund, is on the brink of a deal with McLaren's remaining minority shareholders to convert their equity into warrant-like instruments. The new contracts will have the economic rights to benefit from a future 'liquidity event' such as an initial public offering of McLaren, but would not be classed as shares. One banking source said they expected that…
Bahrain gains full control of McLaren Group in deal with minority investors
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