Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124

Stock of luxury manufacturers POP on plans to raise cash

The Aston Martin car logo is considered at the 14th annual exotic Yorkville’s exotic show on parents, June 16, 2024 in Toronto, Ontario.

Nurphoto | Nurphoto | Gets the image

Shares of Britain Aston Martin On Monday after a luxury production manufacturer 13% jumped – Note It raises more than £ 125 million ($ 161.7 million) by financing the investment vehicle of Lawrence Sklore and the sale of the Formula -1 Racing team.

The Yew Tree Consortium Consortium, an investment vehicle led by a Canadian billionaire, pays about £ 52.5 million to increase its share in a major British car.

The share is ready for an increase of approximately 33% of approximately 27.7% as part of the transaction.

Aston Martin, who is famous for his role in James Bond and Financial Insids, has also stated that he intends to sell his minorities into the Aston Martin Aramco Formula -1 team to raise at least £ 74 million.

Aston Martin shares popped up 13% before parsing slightly 10.3% above 10:50 am in London (5:50 A. ET). Reserves in the London list decrease about 39% in the branches.

“This resumed support for Lawrence and its Dew Tree Consortium partners emphasizes their huge confidence in our team and the future company,” Aston Martin Adrian Hallmark said in a statement.

“Having strengthened the balance, this investment provides an additional supply to support our future innovative products and business transformation activities that will combine our progress to become a steady profitable company,” he added.

Lawrence Steel from Canada and the Aston Martin Aramco F1 team appeared in a pit -tuning ahead of the Grand F1 Australia in Albert Park -Melbourne, Australia, March 15, 2025.

Nurphoto | Nurphoto | Gets the image

Aston Martin announced Last month’s plans reduce 170 jobs, approximately 5% of its global labor, after unfolding in the fourth quarter.

The term on Monday stated that he was pleased to emphasize his “unwavering support and commitment” by Astana Martin, after the investment in the company of about £ 600 million since 2020.

“This proposed investment further emphasizes my conviction in this unusual brands and commitment to Aston Martin has the maximum possible platform to create a long-term value, while reducing capital breeding through this premium subscription, which must strongly assure the shareholders, because I increase my long-term property.”

Source link