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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

McLaren cuts losses and tilts new supercar at US

Posted on 22 November 2010

From Independent. : The Bahraini sovereign wealth fund Mumtalakat owns a 50 per cent stake in the company with the remainder split equally between its chairman Ron Dennis and the Swiss TAG Group.
The owners also provided over £60m of debt to McLaren Automotive in 2009 with its inter-company loans accelerating from £50.6m to £112.7m……………………………………….Full Article: Source


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