The firm will acquire about 42 million ordinary shares from Chairman Lawrence Stroll’s Yew Tree consortium and will subscribe for 28 million more shares, for 335 pence each, raising about £95 million for the automaker in cash and raising Geely’s stake in the company to 17%.
Aston Money
Chinese automobile giant Geely has announced a £234 million investment into sports car manufacturer Aston Martin.
By PA/TPN, in Asia, World · 27 May 2023, 16:31 · 0 Comments