Bahrain Mumtalakat Plans To Raise Investment In UK's Mclaren-Report
Wednesday, Jun 20, 2012
BEIRUT (Zawya Dow Jones)--Bahrain
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.
will also seek to become a member of the board of McLaren which is developing and expanding its operations, Mahmood Al Kooheji,
's chief executive, said according to the paper.
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
planned to raise its stake.
Mr. Kooheji also said that his company is looking for new promising investments locally and abroad in sectors that include, aluminum production, manufacturing industries, and education and training, the daily reports.
Newspaper website: http://www.albiladpress.com/article147801-2.html
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
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