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Stroll buys more Aston Martin shares after price collapses
Aston Martin is increasing a $617-million capital raising plan by $45-million pounds due to the coronavirus outbreak which will now see a consortium led by Canadian billionaire Lawrence Stroll increase their stake to 25% stake in the carmaker. “There has been a significant change in the global market environment in which Aston Martin Lagonda operates,” said Stroll. “What has not changed is our commitment to provide the company with the necessary funding it needs to manage through this period, to reset the business and to deliver on its long-term potential.” Aston Martin chief executive Andy Palmer added, “We are actively managing the potential impacts of COVID-19 on a daily...
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