Bahrain's sovereign wealth fund Mumtalakat has agreed to sell some of its stake in McLaren to the Formula One team's overall head Ron Dennis, who is set to become the majority shareholder.
A McLaren spokesman said on Friday that share purchase agreements (SPAs) were signed last August between Mumtalakat, fellow shareholders TAG Holdings and Dennis. "When executed, the SPAs will trigger the passing of a number of shares, from Mumtalakat and TAG, to Ron Dennis," he added...............................................Full Article: Source
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