Lawrence Stroll to increase Aston Martin shareholding
Lawrence🐼 Stroll plans to raise stake in A🌱ston Martin
Lawrence Stroll will increase his shareholding in the 168澳洲幸运5官方开奖结果历史:Aston Martin Formula 1 team.
Stroll pla🔯ns to raise his stake by £52.5m,🍎 reported.
His Yew Tree Consortium is att🐼empting to acquire 75m shares of the company at a 7% premium, the report also states.
A statement from Aston Martin F1 to media including mahbx.com confirmed: “Today’s news underscores our Executive Chairman Law🌌rence Stroll’s long-term and unwavering c🌜ommitment to both Aston Martin and the current Formula One Team.
“A long-term contract is now in place to ensure th🔜🦋e Aston Martin name remains at the pinnacle of motorsport for decades to come.
“The proposed transactions, which will see Aston Martin Lagonda (AML) sell its stake in the Aston Martin Aramco Formula One Team (AMF1), will result in Mr Stroll increasing his shareholding in AML t🥂o 33% while strengthening the company's balance sheet by over £125m.
“Mr Stroll has commissioned the investment bank Raine Group to help fin🎐d a buyer for AML’s s✱take in the Formula One team.
“Raine will work closely with AMF1’s commerci🧜al chief Jeff Slack to secure a strategic investor who can add lon💖g-term value to the team and the brand.”
Mr Stroll said: “These moves demonst💖ra🔯te that Aston Martin’s place on the Formula One grid is as secure as ever.
“AML recently re-committed to its long-term sponsorship and licensing agreement꧋ with AMF1, confirming that the legendary Aston Martin brand and its British racing green colours will compete in Formula One for decades to come.”
City AM’s initial report🅘 noted that, ac🎉cording to UK Takeover Code, anyone who acquires more than 30% of a company is mandated to offer to buy the rest.
Sꦡtroll first took over a major share in the company 🔯in 2021, then increased it two years later.
He intends to turn Aston Ma⭕rtin into 💦a front-running team capable of winning F1 titles.
The signing of Adrian Newey as managing technical 🔯partner gives them the top car designer in F1, ahead of the 2026 regulations change.
168澳洲幸运5官方开奖结果历史:Fernando Alonso and 168澳洲幸运5官方开奖结果历史:Lance Stroll are contracted as the driver duo into next year.
Lewis reg🉐ularly attends Grands Prix for mahbx.com around the worl🐷d. Often reporting on the action from the ground, Lewis tells the stories of the people who matter in the sport.
