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Lawrence Stroll to boost stake in Aston Martin
Racing Point F1 owner Lawrence Stroll is set to boost his stake in Aston Martin, but the move comes on the back of another collapse this week of the luxury automaker's share price. In January, Stroll and a consortium of investors stepped in to provide Aston Martin with an influx of capital of £182m in exchange for a 16.7 per cent holding in the beleaguered company. The group also agreed to provide Aston with a short-term loan of £55.5m. Overall, Aston Martin was expected to raise a total of £500m from investors through a rights issue to help it revive its fortunes. Stroll: New Aston Martin strategy rooted in F1 team However, the company's dwindling stock price of late, impacted by the...
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