Bahrain’s sovereign wealth fund Mumtalakat has consolidated its hold on British carmaker McLaren by buying stakes from Saudi Arabia’s Public Investment Fund (PIF) and Ares Management for GBP400 million (US$510 million).In July 2021, PIF participated in a GBP550 million equity raise by the British supercar manufacturer, including Ares and GBP150...
Bahrain’s sovereign wealth fund Mumtalakat has consolidated its hold on British carmaker McLaren by buying stakes from Saudi Arabia’s Public Investment Fund (PIF) and Ares Management for GBP400 million (US$510 million).In July 2021, PIF participated in a GBP550 million equity raise by the British supercar manufacturer, including Ares and GBP150...