Bahrain’s sovereign wealth fund Mumtalakat has taken full ownership of British supercar company McLaren Group.
The Bahraini fund was already McLaren’s biggest shareholder.
McLaren fully owns McLaren Automotive, the sports car manufacturer, and is a majority shareholder in McLaren Racing, the company’s Formula 1 team.
The deal means Mumtalakat now also owns a majority stake in the F1 team.
McLaren said the move marks “a major milestone…