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UK’s Aston Martin to raise 653 million pounds in equity financing

07/15/2022

Less than a minute

2022.07.15 09:36

UK's Aston Martin to raise 653 million pounds in equity financing
FILE PHOTO: The Aston Martin logo is seen on a V12 Vantage car at the company’s factory in Gaydon, Britain, March 16, 2022. REUTERS/Phil Noble

(Reuters) – British luxury carmaker Aston Martin said on Friday it will launch a rights issue to shareholders to raise 653 million pounds ($771.58 million) in a move that will see Saudi Arabia’s sovereign wealth fund become its second-largest shareholder.

($1 = 0.8463 pounds)

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07/15/2022

Less than a minute