Saudi wealth fund to become Aston Martin’s second-largest shareholder

German carmaker Mercedes-Benz will own about 9.7% of Aston Martin after the capital raising. Picture: SUPPLIED

PIF’s £78m investment, together with a £575m rights issue, will allow the 109-year-old company to lower its debt and invest in new models. For Aston Martin, the preferred ride of fictional secret agent James Bond which has gone bankrupt seven times in its history, the investment means it can secure its long-term future.

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