Abu Dhabi investment firm CYVN Holdings acquires McLaren sports car business

On December 15, Abu Dhabi investment company CYVN Holdings reached an agreement with Bahrain sovereign wealth fund Mumtalakat Holding to successfully acquire McLaren's sports car business and obtain a non-controlling stake in its racing business. McLaren, a British super luxury sports car brand, has been facing financial difficulties in recent years, and this transaction has brought it a new turnaround.