Sunday, June 23, 2024
NewsAston Martin Is Talking With Potential Investors

Aston Martin Is Talking With Potential Investors

Current low value of Aston Martin stock is attracting numerous potential suitors.

  • One of them is our own Lawrence Stroll, owner of the Racing Point F1 team.
  • Other interested parties come from the Middle East, India, and China.

Late last week, rumours of Canadian billionaire Lawrence Stroll being interested in purchasing a controlling stake in British luxury sports car maker Aston Martin began swirling on the web. Just recently, Aston Martin has confirmed that it is interested and in talks with potential investors.

In a statement to the stock exchange, Aston Martin revealed: “The Company confirms that is reviewing its funding requirements and various funding options. It is also engaged in early stage discussions with potential strategic investors in relation to building longer term relationships which may or may not involve an equity investment. A further announcement will be made as and when appropriate.”

Autocar and RaceFans.net first broke the story but this confirmation from AM could mean that our own Lawrence Stroll could hold a controlling stake in the company. Shares are trading between £5 and £6 of which the majority is held by the Kuwait-based Adeem/Primewagon group. Strategic European Investment Group and Daimler hold other portions.

The strategy seems to be to strike now before AM stock rises. This is what some project will be the resulting effect of the anticipated launch of the DBX SUV some time in mid-2020.

Unless you live under a rock in Quebec, Canada, you’ll know that Mr. Stroll made his money by developing luxury brands such as Pierre Cardin, Ralph Lauren, Tommy Hilfiger and Asprey. He not only owns the Circuit Mont Tremblant but an impressive collection of cars consisting largely of Ferraris.

If anything, Mr. Stroll has been quite busy over the last few years supporting his son in his F1 endeavours, owning Racing Point F1 which recently worked with non-other than Gordon Murray to help develop his new T.50 supercar.

There’s more to come!

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Matt St-Pierre
Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai

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