Jun 20 2012 |
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Bahrain Mumtalakat Plans To Raise Investment In UK's Mclaren-Report
Wednesday, Jun 20, 2012
BEIRUT (Zawya Dow Jones)--Bahrain Mumtalakat Holding Co., the Gulf state's arm for investment in non-oil and non-gas strategic assets, plans to increase its stake in the U.K.-based company, McLaren, Manama-based Al Bilad daily reports Wednesday citing an executive.
Mumtalakat will also seek to become a member of the board of McLaren which is developing and expanding its operations, Mahmood Al Kooheji, Mumtalakat 's chief executive, said according to the paper.
Mumtalakat already owns 50% of McLaren Automotive and 42% of the McLaren Group, according to Zawya.com data. The report didn't say by how much Mumtalakat planned to raise its stake.
Newspaper website: http://www.albiladpress.com/article147801-2.html
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(END) Dow Jones Newswires
20-06-12 0755GMT
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