Canada Regal Lawrence Stroll through the London fair, officially completed the purchase of 16.7 percentage majority stake in Aston Martin, the amounts spent 82 million pounds to 100 million, equivalent to nearly 16 million. The deal came last year there were already clues, but the two sides has never recognized.
in December 2019, when we reported market rumors Lawrence Stroll the Canadian billionaire interested in the White Aston Martin. Stroll not only has the Racing Point F1 Team, and name brand clothing as well as Pierre Cardin, Ralph Lauren, Tommy Hilfiger, jewelry brand Asprey, Garrard and other famous enterprises.
In addition to the cash purchase of 16.7% Shares outside, Stroll also promised to provide 300 million 18 million pounds in cash capital increase, that Aston Martin brand to increase the total of 500 million pounds in cash. In recent years, it should be able to solve the plight of less than ideal operating conditions, even sufficient to increase investment in R & D strength, in order to catch up with the other competitors. In this £ 500 million which also includes a £ 55 million short-term note overflow, which can solve the cash flow problems of the company immediately. But once the equity to complete the transaction, after large sums of cash in place, the money will be withdrawn.
Lawrence Stroll owns Racing Point F1 Team, one of the team riders is his son, the future of the team will be renamed Aston Martin F1.
Because Stroll also has an F1 team, so then obtain a majority stake in Aston Martin trading program which also includes make Racing Point F1 renamed Aston Martin F1,It will be expected from the 2021 season began.
the deal has not been easy, in fact Stroll face very strong opponents, as Geely Automobile Group, which owns Volvo, Ruths and other brands, and also one of the shareholders and Daimler’s Smart. To influence financial and automotive industry point of view, it is still far less than Stroll Geely, but finally let Stroll at a price per share of shares bought 4 pounds.
is not really his own name Lawrence Stroll funded, but even if the net worth of rich Couchu 500 million pounds in cash or unlikely. Aston Martin Limited of the shares will be bought to Stroll ad hoc consortium led by Yew Tree Overseas, the consortium members include former boss Andre Desmarais Power Corporation of Canada and Hong Kong fashion tycoon Cao Qifeng.