Automakers

Saudi wealth fund raises stake in Aston Martin to over 20%

Aston Martin sign
R
By:
Reuters
November 09, 2023 08:46 AM

Aston Martin said Saudi Arabia's Public Investment Fund (PIF) had raised its stake in the British luxury automaker by 2.6 percentage points to 20.5 percent, a regulatory filing showed on Wednesday, a week after the U.K. luxury automaker's quarterly results and outlook disappointed investors.

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