McLaren Formula One driver Jenson Button of Britain speeds during the first Russian Grand Prix in Sochi October 12, 2014. REUTERS/Maxim Shemetov
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.
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