Lawrence Stroll ups stake in Aston Martin
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Aston Martin Lagonda shares rallied on Tuesday after Canadian billionaire Lawrence Stroll increased his stake in the luxury car maker.
Aston Martin Lagonda Global Holdings
119.00p
17:15 21/02/25
4.94%
5.60p
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17:05 21/02/25
0.49%
6.05
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17:04 21/02/25
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17:05 21/02/25
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FTSE All-Share
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17:14 21/02/25
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Stroll lifted his stake in AML to 23.3% from 19.0% on Monday.
According to The Telegraph, Stroll’s investment vehicle - Yew Tree - led a £30m investment in the shares. Other investors include Saudi Arabia’s Public Investment Fund with 16.7% and Chinese car maker Geely with 7.6%.
The move comes after Geely failed over the summer to take control of AML by offering a huge capital injection.
AML shares closed up 5% at 140.65p.