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Old January 9th, 2007, 03:26 PM   #1
Pearl of the Gulf
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30% of McLaren Sold to Bahrain Holding

Jan 9, 2007

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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
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Old January 9th, 2007, 08:59 PM   #2
Wild el Bahrain
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This is fantastic news...I hope that investment pays off big time
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