It was only last March that the storied British marque was acquired by a wealth fund in Bahrain, which has now sold it again
- McLaren’s owners in Bahrain have sold the automaker to an investment firm in Abu Dhabi
- The new owners also hold a stake in Chinese EV manufacturer Nio
- In addition to much-needed cash, the sale gives McLaren access to new technologies
News of the pending sale initially broke in October, but now all has been wrapped up and the deal completed just prior to the end of 2024. The new owner is CYVN Holdings, which is owned by the government of Abu Dhabi, the U.A.E.’s capital city.
Just last March, McLaren was entirely taken over by Mumtalakat Holding Co., the state-owned sovereign wealth fund in Bahrain, which had previously held a majority share in the marque, along with stakes in the McLaren racing teams. It was expected the ownership would help with McLaren’s rocky finances.
The deal also includes a non-controlling stake in the McLaren Group, which includes the racing division.
In a statement issued by Mumtalakat when the deal was first announced, moving McLaren to CYVN “would bring access to additional capital, advanced engineering expertise, and pioneering technology, particularly in the field of electric vehicles.”
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