LONDON (Reuters) - Bahrain's sovereign wealth fund Mumtalakat has agreed to sell some of its stake in McLaren to the Formula One team's overall head Ron Dennis, who is set to become the majority shareholder.
"No transaction has taken place, but the shareholders have had discussions on how to best facilitate and enhance the future growth of the McLaren Group," a McLaren spokesman said on Friday.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!