Luxury car maker Aston Martin on Monday said that chairman Lawrence Stroll's Yew Tree Consortium would plough another £52.5m into the company, lifting its stake to around 33%.
Source: Sharecast
It added that it would also offload its minority stake in the Aston Martin Aramco Formula One racing team, realising a premium to the current book value of about £74m.
"I am pleased to clearly demonstrate my unwavering support and commitment to Aston Martin. Since 2020, my Yew Tree Consortium partners and I have invested around £600m into the company,” Stroll said in a statement.
“This proposed investment further underscores my conviction in this extraordinary brand, and commitment to ensuring Aston Martin has the strongest possible platform for creating long-term value while reducing equity dilution via this premium subscription, which should greatly reassure shareholders, as I again increase my long-term ownership in the company.
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