RE: PIF4 Jul 2022 18:05
One last time ( prove I wasn’t talk rubbish)
At first I said it should be millions (259 ish) no one know.
But no. I have no information but the link I got from village was interesting…..
Saudi Arabia is in talks with Aston Martin to purchase stakes in the firm's business. The iconic British luxury car maker is seeking funds for its next range of cars. According to the Financial Times, Aston Martin was in debt by over a billion dollars at the end of March and expects to pay about $156 million in debt interest this year.
With rising debt and sales down, the business is seeking new sources of funding for its upcoming generation of vehicles, which are key to the company's survival. This includes next generation sports cars and its first push into electric vehicles, at a time when the business is saddled with debt and producing no net cash.
Saudi Arabia's Public Investment Fund (PIF), an arm of the State run by Crown Prince, Muhammed Bin Salman, is said to be in talks to take fresh equity in the business that could be worth $240 billion, according to four people cited in the FT. PIF already has holdings in Lucid Motors and McLaren.