{"id":1953866,"date":"2023-06-22T07:09:02","date_gmt":"2023-06-22T11:09:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bahrains-mumtalakat-extends-mclaren-group-stake\/"},"modified":"2023-06-22T07:10:29","modified_gmt":"2023-06-22T11:10:29","slug":"bahrains-mumtalakat-extends-mclaren-group-stake","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bahrains-mumtalakat-extends-mclaren-group-stake\/","title":{"rendered":"Bahrain&#8217;s Mumtalakat expands McLaren group ownership."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">12<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbahrains-mumtalakat-extends-mclaren-group-stake%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1953866&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><strong>Bahrain\u2019s Mumtalakat Expands Stake in McLaren Group<\/strong><\/p>\n<blockquote>\n<p>Bahrain\u2019s state investment fund Mumtalakat has acquired the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bahrains-mumtalakat-extends-mclaren-group-stake\/\" title=\"Bahrain's Mumtalakat expands McLaren group ownership.\">senior preference shareholder stakes<\/a> in McLaren Group as part of a proposed broader restructuring. This move will increase Mumtalakat\u2019s majority stake in McLaren, which includes the renowned British supercar maker and McLaren Racing.<\/p>\n<\/blockquote>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Bahrain\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/buy-ban-or-copy-how-governments-are-responding-to-the-cryptocurrency-revolution\/\" title=\"Buy, Ban, Or Copy? How Governments Are Responding To The Cryptocurrency Revolution\">sovereign wealth fund<\/a> has reportedly purchased shares and warrants worth \u00a3400 million ($510 million) in McLaren from Saudi Arabia\u2019s Public Investment Fund (PIF) and Ares Management, according to Sky News.<\/p>\n<p>The proposed restructuring, subject to ongoing shareholder discussions, aims to achieve the group\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/black-lives-matters-most-prominent-chapter-launches-drive-targeting-police-unions\/\" title=\"Black Lives Matter\u2019s Most Prominent Chapter Launches Drive Targeting Police Unions\">long-term objectives<\/a>, as stated by Mumtalakat in a recent statement. Mumtalakat sees this restructuring as the optimal governance structure to deliver McLaren\u2019s Future of Performance strategy.<\/p>\n<p>The transaction will not involve any new capital injection into McLaren, as reported by Sky News.<\/p>\n<p>In July 2021, global investment firm Ares Management and Saudi Arabia\u2019s PIF played a significant role in a \u00a3550 million equity investment in McLaren.<\/p>\n<p>Mumtalakat, Ares Management, McLaren, and PIF have not provided immediate responses to requests for comment.<\/p>\n<p>Mumtalakat\u2019s CEO Khalid Al Rumaihi previously stated in June last year that he expects McLaren to go public within the next two to three years.<\/p>\n<p>($1 = \u00a30.7836)<\/p>\n<p>Reporting by Bharat Govind Gautam in Bengaluru, Jana Choukeir and Yousef Saba in Dubai; Editing by Chris Reese, Matthew Lewis, and Alexander Smith<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/bahrains-mumtalakat-extends-mclaren\/attachment\/file-photo-a-mclaren-720s-is-on-display-at-the\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Dr. Haywood Robinson<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Rep. Andy Ogles<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Dr. Johnson Varkey<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Bob Bianchi<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>LONDON (Reuters) -Ocado Group shares surged by over 40% on Thursday after The Times newspaper reported speculation of possible bid interest in\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>SEOUL (Reuters) \u2013 Netflix co-CEO Ted Sarandos pledged on Thursday that its bumper investment in South Korean content would not bypass young\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Aditya Kalra, Munsif Vengattil and Aditi Shah NEW DELHI (Reuters) \u2013 Elon Musk is eager to bring his Starlink satellite broadband\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Nilutpal Timsina (Reuters) -SES SA said on Thursday that it has <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/shares-of-uk-online-supermarket-ocado-soar-on-talk-of-amazon-bid-interest\/\" title=\"Ocado shares surge on Amazon bid rumors.\">ceased merger talks<\/a> with Intelsat, ending what would have signaled\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bahrain&#8217;s Mumtalakat has acquired senior preference shareholder stakes in McLaren Group, as part of a larger restructuring plan. This purchase will increase Mumtalakat&#8217;s majority stake in McLaren, which encompasses the British supercar manufacturer and McLaren Racing. Bahrain&#8217;s sovereign wealth fund has invested in shares and warrants worth.<\/p>\n","protected":false},"author":66,"featured_media":1953867,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1953866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1953866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1953866"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1953866\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1953867"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1953866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1953866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1953866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}