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McLaren Group boosted by £200 million investment
The McLaren Group, which includes its Formula 1 team and its automotive business, has been boosted by an investment worth more than £200 million ($270m). The group issued a statement this week confirming that it would be issuing new equity capital following the £203.8m investment by Nidala (BVI) Limited, which purchased 888,135 ordinary shares in the company. 'The proceeds for the new capital will be received over the coming year,' read the statement. 'This new capital, which is part of the Group’s simplification over the last 12 months, will significantly strengthen the Group’s balance sheet and underpins its ambitious growth plans laid out in...
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6y ago from MotorsportWeek.com
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