GLOBAL: Sovereign wealth fund Bahrain Mumtalakat Holding is selling full ownership of McLaren’s automotive business and a non-controlling stake in the McLaren Group to Abu Dhabi government-owned investment firm CYVN Holdings. The deal would see CYVN’s existing strategic investments in NIO, Forseven and Gordon Murray Technologies complementing and enhancing McLaren’s product strategy – especially for McLaren’s highly successful track record in elite motorsport, including in Formula One racing. CYVN will also provide capital to grow McLaren – which produces one of the world’s most prestigious range of high-performance vehicles, with an expanding network of over 110 retailers in 30 global regions.
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