PIF Raises Aston Martin Ownership
Posted on 11/10/2023
Saudi Arabia’s PIF is buying more of the car favored by James Bond, Aston Martin. PIF will raise its stake to 20.5%. This is up from 17.9%. PIF, with this move, outpaces the ownership of China’s Shufu Li and automotive company Geely. Aston Martin Chair Lawrence Stroll is still the top shareholder. An Aston Martin Valkyrie with 37 miles on the odometer sells for about US$ 3 million.
