The Mumtalakat company, a sovereign wealth fund of the Kingdom of Bahrain, has assumed full ownership of the share capital of the English McLaren group, one of the most famous sports car companies in the world and owner of a majority stake in the McLaren Formula 1 team. agreement was partly foreseen: Mumtalakat, already the majority shareholder, converted the particular shares he owned into ordinary shares, to have complete control on the economic and administrative level.
The agreement was made in a period of financial difficulties and heavy economic losses for McLaren, whose shareholders last December unanimously approved a complete recapitalization of the company. The group, which is based in Woking, Surrey, includes various divisions: the one that produces luxury sports cars, whose models compete with manufacturers such as Porsche and Ferrari, and that of the teams that compete in Formula 1 and other sports motorsports.
The sports car division had suspended production during the pandemic: the economic losses had led to a restructuring of the company and the loss of over a thousand jobs. Currently, he wrote BBC, McLaren is seeking technical partnerships with other companies to develop electric car technology. Even in the Formula 1 championship, in which it is the team with the most titles won after Ferrari, McLaren is in difficulty and has not won a championship since 2008.
2024-03-23 12:05:16
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