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Chinese investors bid $2.08 billion McLaren takeover deal
Chinese investors bid $2.08 billion McLaren takeover deal An unnamed group of Chinese investors have reportedly tabled a 1.65 billion pound ($2.08 billion) bid to take over McLaren which has left team principal Ron Dennis' future with the team in uncertainty, Sky News reported on Friday. Dennis, chairman and CEO of the McLaren Group, owns 25% of the business, with another 25% owned by his business partner Mansour Ojjeh, with the remaining 50% owned by a Bahraini sovereign wealth fund. The report, written by city editor Mark Kleinman — It said the offer, which Sky understood was presented to shareholders by Dennis last week, involved an asset manager and private equity funding. No...
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9y ago from ThisIsF1.com
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