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McLaren confirms Michael Latifi as new shareholder
McLaren has confirmed Canadian businessman Michael Latifi, father of Formula 2 driver Nicholas Latifi, has become a shareholder in the company. Last week the McLaren Group announced it had sold shares to Nidala (BVI) Limited which is controlled by Latifi at an estimated figure of £200m. The Woking-based team has confirmed the McLaren Group shares were sold on May 14 which includes McLaren Automotive, McLaren Racing and McLaren Applied Technologies companies. “This injection of capital is a vote of confidence in our future strategy and the group remains as focused as ever in positioning for growth, Shaikh Mohammed bin Essa Al Khalifa, McLaren Group Executive Chairman, said. “We are...
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