Posts tagged: Aston Martin
Betaville IntelligenceThursday, 18 May 2023, 8:49 am
This morning Aston Martin has announced Chinese car maker Geely has increased its stake to 17pc in the luxury marque by buying a large lump of stock at a premium. Below is a link to this morning's announcement:
https://otp.tools.investis.com/clients/uk/astonmartin/rns/regulatory-story.aspx?cid=2424&newsid=1688513 ..
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Sunday, 8 November 2020, 8:55 pm
Tucked away in the Mail on Sunday's stockwatch column is a snippet suggesting Sir Martin Sorrell's next deal might be done stateside.
Alex Lawson, who now edits the column, interviewed Sir Martin in last Sunday's section, so he was clearly well placed to prise out a hint about what the diminutive marketing communications dealmaker might be up to next...
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Thursday, 8 October 2020, 10:01 pm
So, it would appear Sebastian Vettel has actually bought a stake in Aston Martin, according to the Formula One champion himself.
Speaking at a drivers' press conference ahead of the Eifel Grand Prix on the 11th of October Vettel said:
"If you are asking me if I have shares in the company, I have. How much? I think it’s a secondary thing and I won’t talk about."
Below is a link to a report from the press conference:..
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Tuesday, 6 October 2020, 6:37 pm
For many fund managers Aston Martin is the stuff of nightmares: a stock that floated in 2018 at £19.00 and now trade at just below 60p.
That's a shocking amount of "value destruction".
But there has been a frisson of excitement around the share since Canadian billionaire wheeler dealer Lawrence Stroll put together a consortium of other racing affionados (Toto Wolff) and other multi-millionaires (Swiss-Italian Ernesto Bertarelli) to refinance the iconic marque...
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Friday, 17 April 2020, 3:30 pm
Aston Martin has been a dog of stock since its flotation eighteen months ago but that hasn't stopped billionaires quietly accumulating stakes in the business.
The latest to gobble up the shares in the luxry marque are Swiss-Italian billionaire Ernesto Bertarelli and Totto Wolff, the Austrian investor, former racing driver and 30pc shareholder in the Mercedes Formula One team. Below are the links:..
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Friday, 13 March 2020, 6:49 pm
Market turbulence and fears over a recession is clearly hitting dealmaking. Today, for example, Aston Martin and Lawrence Stroll have re-cut the fundraising deal with the Tommy Hilfiger tycoon as the embattled carmaker needed an extra £20 million.
Stroll, though, is getting a better deal with his consortium partners receiving 25pc of the company in return for £171m at a price of £2.25 per share...
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Saturday, 14 December 2019, 10:33 am
So, it would appear Autocar was heading in the right direction with its scoop about Lawrence Stroll eyeing a strategic stake in London-listed Aston Martin.
Below are links to a statement from the company and the Financial Times scoop that triggered the announcement...
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Thursday, 5 December 2019, 11:55 am
Hat tip to Jim Holder of Autocar for landing a cracking tale about Lawrence Stroll's attempt to buy a stake in Aston Martin. Below is a link to the Autocar scoop about Lawrence Stroll, who is the billionaire father of Formula One racing driver Lance Stroll:..
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