In August 2006 it was reported that Daimler was considering acquiring the remaining 60% of the McLaren Group. However, it was announced in January 2007 that the Mumtalakat Holding Company had purchased 15% each from both Dennis and Ojjeh. In November 2009, Mercedes bought Brawn GP (renaming it Mercedes GP) and announced that McLaren would buy back Daimler's 40% share of the group over a period of two years. The shares were divided evenly between the remaining shareholders, with the Mumtalakat Holding Company owning 50% and Dennis and Ojjeh each owning 25%. Dennis had stepped down as CEO of McLaren in 2009, handing over the reigns to Martin Whitmarsh, but returned to his post in 2014 under the condition that he would seek investment to take a controlling interest in the company. His attempts to do so ultimately failed, and in November 2016 he lost a court case against his fellow shareholders that saw him suspended from his position as chairman. Dennis' contract with McLaren expired in January 2017, and in June 2017 it was announced that he had agreed to sell his remaining shares in both the McLaren Technology Group and McLaren Automotive. McLaren Automotive then became a subsidiary of the McLaren Technology Group, merging the shareholding of the two companies and seeing the group revert to its original McLaren Group name. In May 2018 it was announced that Canadian businessman Michael Latifi had purchased approximately 10% of the group with an investment of £200 million. This leaves the current shareholding at: Mumtalakat Holding Company 56.4%, TAG Group Limited 14.32%, Nidala (BVI) Limited (Michael Latifi) 9.84%, Favorita Limited 5.78%, Perlman Investments Limited 5.77%, McKal Holdings Ltd 5.24%, Acanitt Limited 2.65%. References Automotive companies established in 1985 Automotive companies of England British companies established in 1985 Companies based in Surrey Conglomerate companies established in 1985 Conglomerate companies of the United Kingdom Holding companies established in 1985 Holding companies of the United Kingdom Privately held companies of England