Investor to spend £70m on Aston Martin shares
The largest shareholder in Aston Martin has confirmed plans for it to increase its stake with a £68m investment.
Strategic European Investment Group is part of the Italian private equity group Investindustrial Advisors, which already owns 30.97% of the luxury car maker.
The latest investment will increase its holding by 3.0% as it looks to buy 6.84m shares at £10 each.
Aston Martin floated in October but has endured a difficult first year as a public company. Its shares fell by more than half, to just above 800p in May, bef... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...