Announced
Synopsis
The Yew Tree Consortium agreed to acquire an additional stake in Aston Martin, a British manufacturer of luxury sports cars and grand tourers, for $70m. "I am pleased to clearly demonstrate my unwavering support and commitment to Aston Martin. Since 2020, my Yew Tree Consortium partners and I have invested around £600m into the company. This proposed investment further underscores my conviction in this extraordinary brand, and commitment to ensuring Aston Martin has the strongest possible platform for creating long-term value while reducing equity dilution via this premium subscription, which should greatly reassure shareholders, as I again increase my long-term ownership in the Company," Lawrence Stroll, Aston Martin Executive Chairman.
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