McLaren Automotive sold again
Discussion
The Bahraini government fund Mumtalakat have agreed to sell McLaren Automotive to the Abu Dhabi fund CYVN Holdings. CYVN are also taking a minority share in the overall McLaren Group, which includes the F1 team.
https://www.reuters.com/markets/deals/abu-dhabis-c...
https://www.autosport.com/general/news/mclaren-gro...
"CYVN Holdings’ ... existing strategic investments in NIO Inc., Forseven and Gordon Murray Technologies also bring potential synergies to complement and enhance McLaren’s product strategy."
It's been said for a while that the Bahrainis wanted out, I wonder what the time horizon and plans of CYVN may be.
samoht said:
The Bahraini government fund Mumtalakat have agreed to sell McLaren Automotive to the Abu Dhabi fund CYVN Holdings. CYVN are also taking a minority share in the overall McLaren Group, which includes the F1 team.
https://www.reuters.com/markets/deals/abu-dhabis-c...
https://www.autosport.com/general/news/mclaren-gro...
"CYVN Holdings’ ... existing strategic investments in NIO Inc., Forseven and Gordon Murray Technologies also bring potential synergies to complement and enhance McLaren’s product strategy."
It's been said for a while that the Bahrainis wanted out, I wonder what the time horizon and plans of CYVN may be.
Its not quite a done deal yet, but highly likely to happen.https://www.reuters.com/markets/deals/abu-dhabis-c...
https://www.autosport.com/general/news/mclaren-gro...
"CYVN Holdings’ ... existing strategic investments in NIO Inc., Forseven and Gordon Murray Technologies also bring potential synergies to complement and enhance McLaren’s product strategy."
It's been said for a while that the Bahrainis wanted out, I wonder what the time horizon and plans of CYVN may be.
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