Aston Martin confirm investor talks12/14/2019
Rumours have been circulating that Racing Point owner Lawrence Stroll could invest in Aston Martin, and investor talks have been confirmed.
The British car manufacturer, believed to be valued at around £1.27billion, have run into financial difficulties and their shares have now dropped to 556.8p, compared to £19 when it was floated on the stock market just over a year ago in October 2018.
Aston Martin currently serve as Red Bull’s title sponsor in F1, but should Stroll, who purchased the bankrupt Force India team in August last year, invest in Aston Martin, then we could see his Racing Point team re-branded again.
Aston Martin released a statement on Friday, which reads: “The Company confirms that it is reviewing its funding requirements and various funding options.
“It is also engaged in early stage discussions with potential strategic investors in relation to building longer term relationships which may or may not involve an equity investment.
“A further announcement will be made as and when appropriate.”
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