By Humberto J. Rocha (July 15, 2022, 1:54 p.m. BST) — English sports car maker Aston Martin said on Friday it would raise £653 million ($773 million) in funding through a sale of shares to Saudi Arabia’s sovereign wealth fund and a sale of new shares to existing shareholders.

Aston Martin Lagonda Global Holdings PLC said it was bringing in the Public Investment Fund as a new investor after the two parties to the deal agreed to a sale of £78 million in shares to the fund, or 23, 3 million shares priced at £3.35 each.

The Saudi sovereign wealth fund, known as the PIF, is chaired by Mohammed bin Salman Al Saud, crown prince of the Middle Eastern country….

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