British automotive outfit McLaren has officially completed its “capital reorganisation”. In non-corporate speak, this means the McLaren Group has been sold, this includes the automotive and motorsports arms of the company.
Long-term investor in McLaren, ‘Bahrain Mumtalakat Holding Company’ which is Bahrain’s wealth fund has taken full ownership of the McLaren Group. The move has become official now that preference shares have been converted to ordinary shares. McLaren are excited over the fresh injection of capital into its development of products and technologies.
While on the purchasing side, Mumtalakat have taken another step towards their goals of leadership in the luxury supercar and motorsports industries.
McLaren today has over 100 retailers across 40 markets around the globe!
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Words by Matthew D’Souza, pictures courtesy of McLaren Cars Press.
