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  • 13-12-18

    Team Bahrain Merida, McLaren enter 50 percent JV

    (MENAFN) UCI WorldTour team Bahrain Merida agreed on entering a fifty percent joint venture (JV) partnership with UK-based McLaren Group.

    The Bahraini sovereign wealth fund Mumtalakat was pointed out to own a majority stake in the British manufacturing company.

    Under the joint venture, the two sides will cooperate in technical areas, human-high performance, along with marketing and commercial services.

    Group chief marketing officer John Allert stated: "racing, technology and human performance are at the heart of everything we do at McLaren."

    The chief added: "it is a completely natural fit for our skills and our ambitious and a perfect partnership with Team Bahrain Merida who have the right vision and approach for the future."

    MENAFN1312201800450000ID1097824397

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