Mumtalakat takes on PIF’s McLaren stake

McLaren's Lando Norris makes a pitstop during the Canadian Grand Prix on June 18, 2023 (by Dan Mullan/Getty Images)
McLaren's Lando Norris makes a pitstop during the Canadian Grand Prix on June 18, 2023 (by Dan Mullan/Getty Images)

Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of Bahrain, has strengthened its interest in British automotive, motorsport and technology company McLaren Group by acquiring the stakes held by Saudi Arabia’s Public Investment Fund (PIF) and US alternative investment manager Ares Management Corporation.

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