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McLaren Gets $760 Million From Investors Including Saudi Fund

McLaren Group Ltd. obtained $760 million in funding from investors including Saudi Arabia’s sovereign wealth fund as the supercar maker and racing team owner tries to recover from the impact of the coronavirus pandemic.

McLaren, controlled by Bahrain’s Mumtalakat, has been hit by the pandemic that has delayed the Formula 1 racing series and forced it to halt automotive production.

Goldman Sachs Group Inc and HSBC Holdings Plc advised McLaren on the transaction.

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