UK’s Aston Martin to raise more than £500m with Saudi fund, rights issue

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UK's Aston Martin to raise more than £500m with Saudi fund, rights issue

Last month, Financial Times reported that PIF, which owns stakes in electric carmaker Lucid and British supercar group McLaren, was in early talks with Aston Martin about taking a stake in the business.

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  • The planned financing also involves a rights issue of at least 300 million pounds, and could be considerably higher, the report said.

  • Aston Martin declined to comment, while PIF did not immediately respond to Reuters request for comment outside regular business hours.