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PIF, Ares part of McLaren’s £550m equity raise

Lando Norris of McLaren during F1's British Grand Prix on July 18, 2021 (by Michael Regan/Getty Images)

British luxury automotive, motorsport and technology company McLaren Group, which includes the eponymous Formula 1 and IndyCar motor-racing teams, has secured an equity raise of £550m (€640.4m/$753.7m