News Details
Latifi invests in McLaren
McLaren Group has confirmed that Michael Latifi, a Canadian businessman, has become a shareholder, in a move that significantly strengthens the group's balance sheet and underpins its growth plans. McLaren announced that on 14 May it had sold shares to Nidala (BVI) Limited, controlled by Michael Latifi. The McLaren Group encompasses the McLaren Automotive, McLaren Racing and McLaren Applied Technologies companies. 'This injection of capital is a vote of confidence in our future strategy and the group remains as focused as ever in positioning for growth,' said Shaikh Mohammed bin Essa Al Khalifa, McLaren Group Executive Chairman. 'We are delighted Michael Latifi has joined the McLaren...
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