PIF to acquire a minority stake in Pagani.

Public Investment Fund, a sovereign wealth fund, agreed to acquire a minority stake in Pagani, an Italian supercar maker. Financial terms were not disclosed. “Today we are proud to announce an important partnership with PIF, a key step in our long-term growth strategy, which envisages significant investments to ensure that our next hypercars will keep conveying unique emotions, irrespectively of their powertrain technology. PIF represents the ideal partner to further consolidate Pagani positioning as an iconic brand in the hypercars segment as well as to support its expansion strategy in the lifestyle segment," Horacio Pagani, Pagani Founder.