McLaren shifts gears: Abu Dhabi's CYVN takes the wheel
After the March acquisition by Bahrain's sovereign wealth fund, the British brand is changing ownership again. The new owner also hails from the Arabian Peninsula.
Mumtalakat, the sovereign wealth fund of Bahrain, bought the McLaren Group in the spring of 2024, securing full ownership of both the automotive and sports divisions of the brand. It has only been a few months, and we are seeing significant changes in this area once more.
A preliminary agreement for acquiring full ownership was signed with the CYVN holding from Abu Dhabi. This mainly concerns the McLaren Automotive division. However, the holding will also acquire minority shares in the McLaren Group, thereby gaining influence over the McLaren Racing Formula 1 team.
Mumtalakat announced that CYVN Holdings' transformative investment will bring increased capital, cutting-edge engineering knowledge, and innovative technology, particularly in the electric vehicle sector.
This suggests that McLaren is likely to intensify its focus on electromobility. Who knows? Perhaps the unofficial announcements regarding an electric SUV will become a reality?
