Bahrain’s Mumtalakat Secures Shareholder Approval for McLaren Group Recapitalisation 🇧🇭

Bahrain’s sovereign wealth fund, Mumtalakat, announced on Tuesday that shareholders of McLaren Group have given the green light for a comprehensive recapitalization plan. The initiative, supported by the luxury automaker’s stakeholders, entails the introduction of a simplified share structure, a more efficient governance process, and strategic expansion into new markets. Concurrently, discussions between Mumtalakat and minority investors may pave the way for the sovereign wealth fund to become McLaren’s sole owner, with an official announcement expected this week. The potential deal involves converting approximately 20% of McLaren’s equity into new contracts, providing economic rights tied to future “liquidity events,” such as an anticipated initial public offering. McLaren Group is yet to respond to media inquiries regarding the ongoing negotiations.