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Reading: Abu Dhabi’s CYVN, Bahrain’s Mumtalakat Finalize McLaren Automotive Acquisition
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alt="Abu Dhabi’s CYVN, Bahrain’s Mumtalakat Finalize McLaren Automotive Acquisition"
The Arabian News > Exclusive > Abu Dhabi’s CYVN, Bahrain’s Mumtalakat Finalize McLaren Automotive Acquisition
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Abu Dhabi’s CYVN, Bahrain’s Mumtalakat Finalize McLaren Automotive Acquisition

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Abu Dhabi’s CYVN Holdings and Bahrain’s Mumtalakat Holding have officially completed their acquisition of McLaren’s automotive division, marking a significant shift in the ownership of the iconic British luxury car brand. The deal, which was first proposed last year, strengthens the Gulf region’s growing influence in the global automotive industry.

CYVN first signed a non-binding agreement to buy McLaren Automotive, and the completed deal now has both investors as major stakeholders in the future of the company. The action is anticipated to bring more financial stability and new capital to McLaren to improve its high-performance car portfolio and international expansion plans.

Industry observers think that with the support of CYVN and Mumtalakat, McLaren might be able to speed up its transition towards electric and hybrid supercars in line with global sustainability trends. The investment also solidifies the Middle East’s increasing influence in the future direction of luxury and performance cars.

While McLaren shifts hands under its new proprietorship, stakeholders and investors alike are interested in learning how this takeover will influence the brand’s direction, innovation, and long-term vision within the competitive car market.

 

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