Bahrain Fund Open to McLaren IPO Even as It Grapples With Brexit - Bloomberg

Bahrain Fund Open to McLaren IPO Even as It Grapples With Brexit - Bloomberg:

Bahrain’s sovereign wealth fund remains open to an initial public offering of McLaren Group Ltd., though it isn’t in a rush to sell its controlling stake in the supercar maker and Formula One racing team.

“When we think it’s the right time, we’ll go” for an IPO, said Mahmood Al Kooheji, chief executive officer of Bahrain Mumtalakat Holding Co. “We’re a happy investor in McLaren.”

While U.K.-based McLaren will be affected by the uncertainty surrounding Brexit, it will need to “redefine a solution for it,” Al Kooheji said in an interview with Bloomberg TV in Manama, Bahrain. “Life goes on.”