30% of McLaren Sold to Bahrain Holding

Pearl of the Gulf · January 9th, 2007, 03:26 PM

Jan 9, 2007

Quote:

LONDON, Jan 9 (Reuters) - Bahrain's Mumtalakat Holding Company has agreed to buy a 30 percent stake in McLaren, the Formula One team said in a statement on Tuesday.

McLaren said that under the new shareholding structure, Mercedes parent DaimlerChrysler would continue to hold 40 percent with team boss Ron Dennis and TAG Group (Holdings) 15 percent each.

Mumtalakat is wholly owned by the Kingdom of Bahrain.

http://today.reuters.co.uk/news/arti...ing-C9-Motor-2

Wild el Bahrain · January 9th, 2007, 08:59 PM

This is fantastic news...I hope that investment pays off big time

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January 9th, 2007, 08:59 PM	#2
Wild el Bahrain Registered User Join Date: Apr 2006 Posts: 127 Likes (Received): 0	This is fantastic news...I hope that investment pays off big time