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Leading F1 team ‘sold’ to Middle East state in huge deal
The Bahrain sovereign wealth fund has reached an agreement with McLaren’s minority shareholders, securing full control over the McLaren group. This deal allows Bahrain’s fund to assume complete authority over the operations and direction of the McLaren group. It signifies a significant shift in ownership and decision-making power within the prestigious automotive and technology company. McLaren’s minority shareholders have decided to sell their stakes, giving the Bahrain sovereign wealth fund the opportunity to dominate the group. The acquisition by the Bahrain fund further strengthens their presence in the global automotive industry.