Lawrence Stroll ups stake in Aston Martin
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
120.60p
16:45 05/11/24
2.64%
3.10p
Automobiles & Parts
954.30
16:59 05/11/24
0.25%
2.37
FTSE 250
20,370.04
16:59 05/11/24
n/a
n/a
FTSE 350
4,502.88
16:59 05/11/24
n/a
n/a
FTSE All-Share
4,460.27
16:39 05/11/24
n/a
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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.