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 (the sovereign wealth fund of the Kingdom of Bahrain) 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%.