Mumtalakat to take over McLaren

[Soleith]

Take it over, sell it all, take it over! DESE KERRRRAZY GAIZ! XD

[Streetbeat]

Good to hear, fingers crossed and also excellent to hear the 750s sold old till the end of 24

[Cheib]

DD321 said:

https://newspressuk.com/publicReleaseView/109925/6...

Seems Mumtalakat have taken full control!

My guess is the headlines about them divesting were to concentrate the minds of the minority shareholders….probably been some tension around capital injections etc. I’d imagine Mumtalakat probably didn’t have to pay too much to take them out.

[TootingMcLaren]

Cheib said:

My guess is the headlines about them divesting were to concentrate the minds of the minority shareholders….probably been some tension around capital injections etc. I’d imagine Mumtalakat probably didn’t have to pay too much to take them out.

Certainly looks that way:

https://news.sky.com/story/bahrain-state-fund-take...

"As part of the recapitalisation deal, McLaren's remaining minority shareholders have agreed to convert their equity into warrant-like instruments.

The new contracts will have the economic rights to benefit from a future 'liquidity event' such as an initial public offering or sale of McLaren, but would not be classed as shares."

Looks like Ron got out at the right time...