The Aston Martin car logo is seen at the fourteenth annual Yorkville exhibition on Parents Day, June 16, 2024, in Toronto, Ontario.
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Britain shares Aston Martin 13 % jumped on Monday after the luxurious car maker He said It will bring more than 125 million pounds ($ 161.7 million) through financing from the investment vehicle in the Chairman of the Board of Directors Lawrence Strol and sell a minority stake in the Formula One Racing team.
Consortium Yew Tree, an investment vehicle led by Canadian billionaire, pays about 52.5 million pounds to increase its share in the British auto industry.
The stroll stake in the company is preparing to increase approximately 33 % of about 27.7 % as part of the transaction.
Aston Martin, who is famous for her role in James Bond films and her history of financial rise and landing, said she intends to sell her minority investments in the Aston Martin Aramco Formula one team to collect at least 74 million pounds.
Aston Martin shares increased by 13 % before earning a slightly peeling of 10.3 % trading starting from 10:50 am London time (5:50 am Each time). The arrow listed in London fell about 39 % years to date.
“This renewed support from Lawrence and the UNIO Tree Federation’s partners emphasize their tremendous confidence in our team and the future of the company,” Adrian Halmark, CEO of Aston Martin said in a statement.
He added: “By strengthening the public budget, this investment provides an additional head space to support future products innovation and business transformation activities, which combined, will accelerate our progress to being a sustainable profitable company.”
Lawrence Strol from Canada and Aston Martin Aramco F1 appears in Pit Lane before the Grand Prix in Australia F1 at Albert Park Circuit in Melbourne, Australia, on March 15, 2025.
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Aston Martin Declare Last month plans to reduce 170 jobs, or nearly 5 % of the global workforce, after swinging to the loss in the fourth quarter.
Stroll said on Monday that he was certainly happy with his “support and fixed commitment” to Aston Martin, after investments of about 600 million pounds in the company since 2020.
“This proposed investment emphasizes my condemnation in this exceptional brand, and the commitment to ensure that Aston Martin has the strongest possible platform to create a long -term value while reducing shares reduction through this outstanding subscription, which must be largely reassured, as I more than my property in the long term in the company,” said Stroll in the statement.
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