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Stroll stocks up on more Aston Martin shares
Lawrence Stroll and his consortium have bought more shares in Aston Martin, taking advantage of stock prices falling further due to market insecurity caused by the coronavirus outbreak. Stroll's consortium acquired an initial 16.7% stake in the luxury car maker back in January and Aston Martin will become fully integrated into Formula 1 in 2021 when the team currently known as Racing Point will reform. But, a larger stake of 25% has now been secured at a value of £2.25 per share, while providing Aston Martin with a timely cash injection of £75million, which is up from the intended £20million. 'There has been a significant change in the global market environment in which Aston Martin...
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4y ago from PlanetF1.com
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