Financial Times: PIF seeks to acquire a stake in Britain’s Aston Martin

The Financial Times reported Thursday today that the Saudi Public Investment Fund is in the midst of early talks with the UK-based producer of auto luxury Aston Martin on the acquisition of a stake in the company that could be worth up to £ 200 million ($ 243.5 million).

The Financial Times report, which cited four sources, followed a similar report by Autocar magazine on Wednesday.

The PIF Fund has been active for several years in the field of auto electric, in electrical parts, in as it acquired a small stake in the American company “Tesla” in 2018, and also owns a controlling stake in the manufacturer of auto electric Lucid. PIF has acquired a minority stake in the Italian supercar manufacturer Horacio Pagani.

Read More About: Business News