CYVN Holdings Acquires McLaren Automotive

Abu Dhabi-based CYVN Holdings has officially signed an agreement to acquire McLaren Automotive, including a non-controlling stake in McLaren's racing business, from Bahrain's Mumtalakat sovereign wealth fund. This strategic partnership aims to leverage CYVN's advanced engineering capabilities and technology to accelerate McLaren's growth in the advanced mobility sector. The deal, which was witnessed by prominent leaders from Abu Dhabi and Bahrain, marks a significant step in CYVN's vision to create a globally connected mobility platform. CYVN's chairman emphasized the importance of combining McLaren's legacy with their technological expertise to redefine high-performance mobility. The transaction's completion is contingent upon customary closing conditions and regulatory approvals. This acquisition follows discussions that began in October regarding a potential partnership between the two firms.