PIF raises stake in Aston Martin: Report

Aston Martin said today, Nov. 8, that Saudi Arabia’s Public Investment Fund (PIF) increased its stake in the carmaker by 2.6 percentage points to 20.5%, Reuters reported.

The Kingdom’s sovereign wealth fund will be the second largest shareholder in the British luxury carmaker.

PIF is the third largest stakeholder in the Gaydon-based company, according to LSEG data.

Source: Argaam