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The Independent UK
The Independent UK
National
Henry Saker-Clark

Aston Martin launches £575m rights issue backed by Saudi Arabia’s PIF

PA Wire

Luxury car maker Aston Martin has confirmed a £575 million rights issue, which will be supported by a fund controlled by Saudi Arabia’s de facto leader.

It told shareholders on Monday that it will launch the rights issue – a share offer to current investors intended to raise new cash – as part of a previously announced £653 million fundraising move.

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