Saudi PIF Acquires Stake in Italian Supercar Maker Pagani
- Date: 19-Aug-2021
- Source: Al Bawaba
- Sector:Economy
- Country:Saudi Arabia
Saudi PIF Acquires Stake in Italian Supercar Maker Pagani
Saudi Arabia’s sovereign wealth fund, Saudi Public Investment Fund (PIF), has agreed to acquire a minority stake in Italian supercar maker Horacio Pagani SpA, Bloomberg reported.
The investment by the PIF is part of a long-term strategic partnership with the closely held Italian company.
The Pagani family will keep full control of the company, with the PIF joining Italian minority shareholders Nicola Volpi and Emilio Petrone, according to a statement.
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