PIF raises stake in Aston Martin: Report

08/11/2023 Argaam
Logo ofPublic Investment Fund (PIF)

Logo of Public Investment Fund (PIF)

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.

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