The state-owned Mumtalakat Holding Company is reportedly on the brink of acquiring the Surrey automaker.
Bahrain’s state-owned investment fund Mumtalakat Holding Company is reportedly gaining full control of the McLaren Group.
According to a report from Sky News, the sovereign wealth fund will become McLaren’s sole shareholder once the deal is announced.
A reported 20 per cent stake in the company is changing hands as part of this deal, which would leave the Bahrain fund as the sole shareholder of the Woking-based automaker.
In late 2022, Mumtalakat owned a 60 per cent stake in the McLaren Group and reportedly invested a further $US101 million in early 2023.
McLaren has faced pandemic-related supply issues for a number of years, forcing the company to liquidate assets.
The brand first sold off its Surrey headquarters in April 2021, for $US240 million, while remaining as its tenant for the next two decades.
To secure funds for the development of the Artura supercar, McLaren sold off a number of its heritage collection in 2022.
Mumtalakat reportedly paid $US126 million pounds for an undisclosed group of vehicles which is said to have included a Formula One championship car.