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.

Subscribe to unlock this article

Explore our subscription options to continue reading our industry-leading content!

Already have an account? Sign in here