S\u00e3o Paulo \u2013 Saudi Arabia\u2019s Public Investment Fund (PIF) has raised its stake in luxury carmaker Astor Martin to 20.5% from 17.9%, a bourse filing at the London Stock Exchange showed.<\/p>\n
Saudi newspaper Arab News <\/em>reported in its website that, with a 2.6% increase in is holdings, the Saudis now holds a greater of share in the UK firm than fellow stakeholders Geely and Chinese entrepreneur Shufu Li. Aston Martin chair Lawrence Stroll remains the top shareholder at the carmaker.<\/p>\n According to the bourse filing, the new shares were awarded to PIF-backed Lucid Group. In June, US electric car manufacturer Lucid and Aston Martin had agreed to establish a long-term strategic technology partnership.<\/p>\n Aston Martin was made famous for being fictional spy James Bond\u2019s car brand of choice. Pictured, an Aston Martin DB5 stunt car from the film <\/em>No Time to Die is displayed during a photocall ahead of the \u201cSixty Years of James Bond\u201d auction at Christie’s auction house in London in 2022.<\/em><\/p>\n Translated by Guilherme Miranda<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Saudi Arabia\u2019s Public Investment Fund has raised its stake in the UK luxury carmaker to 20.5% from 17.9%.<\/p>\n","protected":false},"author":2316,"featured_media":357211,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[46473,46478,18777,28962,38944,18779,46479],"class_list":{"0":"post-359009","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-aston-martin","9":"tag-cars-saudi-investment","10":"tag-investimento-saudita","11":"tag-lucid-group-en","12":"tag-pif-en-2","13":"tag-saudi-investment","14":"tag-saudi-sovereign-wealth-fund"},"wps_subtitle":"Saudi Arabia\u2019s Public Investment Fund has raised its stake in the UK luxury carmaker to 20.5% from 17.9%.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/359009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=359009"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/359009\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/357211"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=359009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=359009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=359009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}