BAHRAIN CONFIRMS STRATEGIC INVESTMENT IN McLAREN GROUP
The Bahrain Mumtalakat Holding Company a wholly owned company of the Kingdom of Bahrain announced today that it had entered into an agreement, by way of a strategic investment, to acquire a 30% stake in McLaren Group Limited following a period of extensive discussions with the existing McLaren Group shareholders, Ron Dennis (McLaren Group Chairman & CEO), TAG Group (Holdings) SA and DaimlerChrysler AG.
As is required, an application is currently being made for the necessary competition law clearances which are expected to be received within a period of 6 weeks.
Other than to confirm that the new shareholding structure of the McLaren Group post completion would become 40% DaimlerChrysler, 30% Mumtalakat Holding Company, 15% Ron Dennis and 15% TAG Group (Holdings) SA and that the company will continue to be managed by its existing management team, no further comment will be made at this stage. Upon regulatory clearances being obtained and completion a full media statement will be issued.
Mclaren Official Press Release from their Website
Thank you for reading this post. You can now Leave A Comment (0) or Leave A Trackback.
Post Info
This entry was posted on Tuesday, January 9th, 2007 and is filed under formula one, mclaren.You can follow any responses to this entry through the Comments Feed. You can Leave A Comment, or A Trackback.
Previous Post: Sepang to have a three day testing session »
Next Post: Toyota Unveil new car+high hopes »
Read More
Related Reading:- JPSK takes fan feedback : Slashes ticket prices for formula one Indian Grand Prix 2012
- Formula 1 still keen on Bahrain Grand Prix 2012
- Cucumber Narain Karthikeyan calls Sebastien Vettel a crybaby
- Sebastien Vettel has wings now, calls Narain Karthikeyan a ‘cucumber’ after collision
- Fernando Alonso wins rain marred Malaysian Grand Prix, Perez wins hearts
- Malaysian Grand Prix : Live Blog (Ended)
- Malaysian Grand Prix 2012 Qualifying : Hamilton gets pole, Button second in all McLaren front row
- Compare US Pro Sports : Salary/Ticket Prices/Fan Base
- End of the road for Rubens Barrichello ?
- Frenchman Jules Bianchi joins Sahara Force India as third driver for 2012 formula one season

or