Abu Dhabi's CYVN Weighs Backing Sports Car Maker McLaren [BNN Bloomberg (Canada)]
NIO Inc. American depositary shares, each representing one Class A ordinary share (NIO)
Last nio inc. american depositary shares, each representing one class a ordinary share earnings: 3/18 07:30 am
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Source: BNN Bloomberg
CYVN's deliberations are at an early stage and there's no certainty it will decide to pursue a deal, according to the people, who asked not to be identified discussing confidential information. Other parties, which couldn't immediately be identified, are also interested in investing in McLaren, the people said. Bloomberg News reported in February that McLaren's controlling shareholder, Bahrain's Mumtalakat Holding Co., is seeking to bring in additional investors at the carmaker, which also operates the McLaren Formula One racing team. Representatives for CYVN and Mumtalakat declined to comment. McLaren was founded in 1963 by racer Bruce McLaren and is one of the UK's best-known sports car brands. The company said last week that its shareholder has provided £55 million ($69 million) in equity funding as part of a recapitalization process. CYVN last year committed $2.2 billion to NIO Inc., a Chinese electric vehicle maker. The investment firm aims to “create a smart mobility pl
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NIO
Earnings
- 3/5/24 - Beat
NIO
Sec Filings
- 5/1/24 - Form 6-K
- 4/9/24 - Form 6-K
- 4/9/24 - Form 20-F
- NIO's page on the SEC website