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Stroll: Saudi investment a game-changer for Aston Martin
Aston Martin's troubles on and off the Formula 1 tracks are well documented, hence no surprise Lawrence Stroll and his advisors have forged a partnership to invest handsomely in the project to give it a boost. Last week, Aston Martin announced plans to raise £653-million ($783-million) in equity capital as it seeks to lower its debt and secure its long-term future. Autocar report that in total, executive chairman Stroll's Yew Tree investment group, Mercedes-Benz and the Saudi Public Investment Fund (PIF) are collectively said to be investing around $400-million in Aston, with a further $380-,million being raised through the public share issue. The goal for the iconic British manufacturer...
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3y ago from GrandPrix247.com
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