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Canadian billionaire Lawrence Stroll takes stake in Aston Martin

Christian Fernsby |
Canadian billionaire Lawrence Stroll will take an up to 20% stake in Aston Martin for nearly 200 million pounds ($263 million) as the ailing carmaker raises funds after a sales drop put pressure on its finances.

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Topics: CANADIAN    ASTON MARTIN   

Aston Martin's share price has plummeted since floating in October 2018 and it has come late to the lucrative sport utility vehicle (SUV) market which boosted rivals.

The company will raise a total of 500 million pounds, including a rights issue from existing major shareholders, it said on Friday, as it begins building its first SUV.


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