Wall Street

UK’s Aston Martin to raise over 500 million pounds via Saudi fund, rights issue – FT

Published by
Reuters UK

(Reuters) – Aston Martin is closing in on a deal to raise over 500 million pounds ($589.30 million) by bringing in Saudi Arabia’s sovereign wealth fund as a major shareholder and launching a rights issue for investors, the Financial Times reported on Thursday. The proposal will result in Saudi’s Public Investment Fund (PIF) investing up to 200 million pounds for a near 20% shareholding and a seat on the British luxury carmaker’s board, the newspaper said, citing two people. The planned financing also involves a rights issue of at least 300 million pounds, and could be considerably higher, the …

Read More

Share this Story
Load More Related Articles
Load More In Wall Street