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McLaren confirms Michael Latifi as new Group shareholder
The McLaren Group has confirmed that Canadian businessman Michael Latifi - the father of F2 racer and Force India junior Nicholas Latifi - has become a significant shareholder of the company. McLaren did not disclose the stake acquired by Latifi, but this weekend's reports suggested it was a cash injection of approximately £200 million destined to strengthen the group’s balance sheet and boost its ambitious growth plans. "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," said Shaikh Mohammed bin Essa Al Khalifa, McLaren Group Executive Chairman. "We are delighted Michael Latifi has...
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