News Details
McLaren Group gets £550m investment from Saudi Arabia
The McLaren Group is set to receive a timely influx of cash from Saudi Arabia's Public Investment Fund and existing and new shareholders. Saudi Arabia's PIF and global investment firm Ares management are expected to contribute £400m of new capital to the automotive company while existing and new shareholders - including majority shareholder Mumtakalt - will invest £150m in the form of Convertible Preference Shares. As of Friday, the equity raise was still in the process of being finalized. McLaren said that the deal will allow for the repayment of the loan received in June 2020 from the National Bank of Bahrain and the right-sizing of the capital structure, while the transaction will...
Full Story »
Full Story »
You May Also Be Interested In...
Saudi Arabia contributes to £550m investment in...
The McLaren Group has raised £550 million in new investment which will...
4y ago from MotorsportWeek.com
Saudi Arabia's PIF in talks to buy stake in McLaren...
Saudi Arabia's Public Investment Fund (PIF) and global investment firm...
4y ago from GrandPrix247.com
McLaren raises £550m in new investment
McLaren has confirmed that numerous investors have injected a further...
4y ago from Pitpass.com
De Vries criticises Formula E qualification format:...
Nyck de Vries started the Formula E season very well with a victory in...
4y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
‘At Balaton, MotoGP bikes might not even use fifth...
No description available...
9h ago from Motorsport.com
Jorge Martin targets podium after injury hit his 2025...
No description available...
1d ago from Motorsport.com
MotoGP to use 100% non-fossil fuels by 2027 season
MotoGP has announced that the fuel used across all Grand Prix classes...
1d ago from MotorsportWeek.c...
How 2025 became Marc Marquez’s most dominant MotoGP...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
FOX acquires 33% stake in Penske Entertainment, IndyCar
Fox Corporation, parent company of broadcast company FOX Sports, has...
5h ago from MotorsportWeek.c...
FOX Corporation acquires one-third stake in IndyCar...
No description available...
5h ago from Motorsport.com
Colton Herta: IndyCar at Laguna Seca is a...
IndyCar’s latest visit to Laguna Seca produced rave reviews from...
1d ago from MotorsportWeek.c...
Alex Palou will not play it safe in Portland to secure...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Kurt Busch backs WRC return to USA after first taste...
No description available...
2h ago from Motorsport.com
Sebastien Ogier won't rule out WRC title push
No description available...
6h ago from Motorsport.com
Hyundai's WRC future confirmed for 2026 season
No description available...
9h ago from Motorsport.com
Why the FIA is confident WRC will head to USA in 2027...
No description available...
11h ago from Motorsport.com
Popular On GunnersToday.com
Arsenal star Gabriel Magalhaes trolls Tottenham star...
Arsenal centre-back Gabriel Magalhaes trolled Tottenham Hotspur attacker...
1h ago from SportsKeeda.com
Arsenal player ratings as Viktor Gyokeres makes...
Arsenal suffered their first defeat of pre-season as their north London...
6h ago from CaughtOffside.com
Arsenal ready to accept offer for 28-year-old star...
Arsenal have made some high profile signings this summer with Mikel Arteta...
7h ago from CaughtOffside.com
'Arsenal have to sell him', 'I am done with this dude'...
Arsenal fans on X want Gabriel Martinelli to be sold after he performed...
5h ago from SportsKeeda.com
Comments
Hottest News
Steiner names driver who shouldn’t be in F1 this season
Former Haas team principal Guenther Steiner has... Read More »
7h ago from F1i.com
Aston Martin cashes out of F1 stake at whopping valuation!
Aston Martin Lagonda, the iconic British carmaker... Read More »
11h ago from F1i.com
Lewis Hamilton restores faith in Ferrari ahead of Hungarian...
Ferrari F1 star Lewis Hamilton says both he and... Read More »
1h ago from GPFans.com
