Announced
Completed
Financials
Sources
Tags
Private
Completed
Friendly
Automobiles
automobile manufacturer
luxury cars
United Kingdom
Acquisition
Minority
Cross Border
Single Bidder
Synopsis
Geely Automobile, a Chinese automotive group, completed the acquisition of a 7.6% stake in Aston Martin, a British luxury car maker. Financial terms were not disclosed. “We are delighted to announce our investment in Aston Martin and believe that with our well-established track record and technology offerings, Geely Holding can contribute to Aston Martin’s future success. We look forward to exploring potential opportunities to engage and collaborate with Aston Martin as it continues to execute its strategy to achieve long term, sustainable growth and increased profitability," Daniel Donghui Li, Geely CEO.
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