Saudi wealth fund PIF drives up stake in carmaker Aston Martin to over 20%

Saudi wealth fund PIF drives up stake in carmaker Aston Martin to over 20%

FILE PHOTO: Aston Martin badge and logo are pictured at the company's world headquarters in Gaydon, Britain, February 14, 2019. Picture taken February 14, 2019. To match Insight BRITAIN-EU/AUTOS REUTERS/Andrew Yates

The Saudi wealth fund has raised its stake in Aston Martin to 20.5%, a regulatory filing showed on Wednesday, a week after the British luxury carmaker‘s quarterly results and outlook disappointed investors.

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