Announced
Synopsis
CYVN Holdings, an Abu Dhabi-based investment vehicle, agrees to acquire McLaren Automotive, a British luxury sports car manufacturer from Bahrain Mumtalakat, the sovereign wealth fund of Bahrain. Financial terms were not disclosed. “This acquisition marks a defining moment in CYVN’s vision to build a leading, globally connected mobility platform and underscores Abu Dhabi’s growing role as a global centre of excellence for innovation in advanced mobility. By combining McLaren’s iconic heritage and expertise with CYVN’s advanced engineering and technology capabilities, we aim to redefine high-performance mobility and set a new benchmark for excellence," Jassem Mohammed Bu Ataba Al Zaabi, CYVN Chairman.
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