McLaren Automotive is set to be sold to Abu Dhabi-based CYVN Holdings, with the promise of fresh cash injection for the British sports car maker.
Bahrain's sovereign wealth fund, Mumtalakat, which in April took full ownership of the McLaren Group (parent of the car firm and McLaren Racing), announced earlier today it has signed a non-binding agreement with the 'specialist investment vehicle'.
This, the two firms said in a joint statement, was to “explore a potential partnership”.
