Deals
Bahrain Fund Open to IPO of Supercar Maker McLaren
- Mumtalakat to sell shares when the time is right, CEO says
- McLaren will be affected by Brexit but ‘life goes on’
This article is for subscribers only.
Bahrain’s sovereign wealth fund remains open to an initial public offering of McLaren Group Ltd., though it isn’t in a rush to sell its controlling stake in the supercar maker and Formula One racing team.
“When we think it’s the right time, we’ll go” for an IPO, said Mahmood Al Kooheji, chief executive officer of Bahrain Mumtalakat Holding Co. “We’re a happy investor in McLaren.”