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Lawrence Stroll Explores Stake Sale in Aston Martin F1 Team
Billionaire Lawrence Stroll is currently in preliminary discussions to offload another minority share of his Aston Martin Formula One team, aiming to leverage the sport's surging popularity, sources familiar with the matter revealed. Stroll, who maintains ownership of the F1 team distinct from his position in luxury automaker Aston Martin Lagonda Global Holdings Plc, is reportedly open to divesting up to 25 percent of the racing entity, the sources disclosed on condition of anonymity due to the confidential nature of the talks. Seeking to surpass the £1 billion (US$1.3 billion) valuation from the previous November deal with US private equity firm Arctos Partners, the Canadian magnate is...
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8mo ago from Formula1News.co.uk
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