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Lawrence Stroll edging closer to £200m Aston Martin stake - Report

Lawrence Stroll, co-owner of the Racing Point Formula 1 team and father of driver Lance Stroll, is closing on a deal to acquire a major stake in the British luxury automobile manufacturer Aston Marton, according to reports. Aston Martin has seen its shares dive in recent months following uncertainty over Brexit and falling demand for its products. Its shares are trading at 452p, which is much lower than the 1700p they opened at when listed in October 2018. That has seen the value of the company drop significantly to just over £1 billion, making it ripe for a takeover. Two parties were believed to be interested in taking a major stake in Aston Martin, but a...
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10mo ago from MotorsportWeek.com 0
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