News Details
Saudi Arabia's PIF takes stake in Aston Martin
Saudi Arabia's sovereign wealth fund PIF has taken a stake in Aston Martin Lagonda, a timely influx of cash that will help the troubled luxury car maker pay down outstanding debt. Aston Martin Lagonda executive chairman Lawrence Stroll likely initiated the deal by leveraging his relationship with Aston Martin F1 title sponsor Aramco which is owned by Saudi Arabia's Public Investment Fund. PIF's investment - divided between a participation in a £575m rights issue and a direct £78m purchase of shares - will leave the fund as the second largest shareholder of AML after Yew Tree, the consortium of investors led by Stroll. Along with PIF, Yew Tree and Mercedes-Benz will also take part in the...
Full Story »
Full Story »
You May Also Be Interested In...
Saudi Arabia sovereign fund buys a 17% Aston Martin...
Saudi Arabia's sovereign wealth fund will become the second-largest...
3y ago from GrandPrix247.com
McLaren and CGR both stake claim to Palou for 2023!
IndyCar outfits Arrow McLaren SP and Chip Ganassi Racing have one thing...
3y ago from F1i.com
‘You live by your choices': Guenther Steiner...
Haas team principal Guenther Steiner has suggested that Michael...
3y ago from Formula1News.co.uk
Aston Martin set for Saudi Arabian PIF investment
Aston Martin is set to receive major investment from the Saudi Arabian...
3y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez explains how injury recovery is delaying...
No description available...
3h ago from Motorsport.com
Francesco Bagnaia says “I just decided” on 2027...
No description available...
4h ago from Motorsport.com
MotoGP Buriram test: Alex Marquez fastest on Day 1 as...
No description available...
6h ago from Motorsport.com
Fabio Quartararo's gesture shows his growing...
No description available...
5h ago from Motorsport.com
Popular On IndyCarToday.com
Paddock optimism for IndyCar’s new independent...
Drivers in the NTT IndyCar Series are largely happy to see the series’...
44m ago from MotorsportWeek.c...
Mick Schumacher gaining confidence on ovals after...
No description available...
1d ago from Motorsport.com
IndyCar expanding global broadcasting presence for the...
No description available...
2d ago from Motorsport.com
IndyCar grows international broadcast offerings for...
The NTT IndyCar Series has announced that its already extensive global...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
5d ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
6d ago from Motorsport.com
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
6d ago from Motorsport.com
WRC Sweden: Elfyn Evans reclaims lead as Oliver...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
70m-plus-player bid prepared which threatens to derail...
Arsenal could reportedly be facing a very real threat to their hopes of...
4h ago from CaughtOffside.com
'It's more important for Arsenal' | Soccer Saturday...
Tim Sherwood and Clinton Morrison look ahead to the North London derby and...
4h ago from SkySports.com
Premier League club exploring deal to sign 19-year-old...
Nottingham Forest are reportedly eyeing Arsenal's young goalkeeper Tommy...
7h ago from CaughtOffside.com
Talks held: Arsenal step up efforts to beat Man Utd to...
Arsenal have reportedly held initial talks over a potential transfer move...
8h ago from CaughtOffside.com
Comments
Hottest News
Stella names rivals ‘a step ahead’ of McLaren after...
McLaren arrived in Bahrain for pre-season testing... Read More »
54m ago from F1i.com
Max Verstappen’s brutal takedown of rivals who attended...
Max Verstappen's brutal reaction to his Formula 1... Read More »
1h ago from GPFans.com
Hulkenberg says Audi’s rivals haven't 'pulled their pants...
Nico Hulkenberg has given F1 fans a vivid image... Read More »
54m ago from F1i.com
