CYVN reached a non-binding agreement to acquire 100 percent of McLaren’s automotive business from Bahrain’s sovereign wealth fund Mumtalakat.
CYVN Holdings, the largest shareholder in Nio (NYSE: NIO) and an Abu Dhabi government fund, will acquire the automotive business of sports car maker McLaren, further expanding its presence in the automotive industry.
Bahrain’s sovereign wealth fund Bahrain Mumtalakat Holding Company announced yesterday that it and CYVN have entered into a…
