For Aston Martin, the preferred ride of fictional secret agent
which has gone bankrupt seven times in its history, the investment means it can secure its long-term future.AG will own about 9.7% after the capital raising."In 2020, I inherited a business in deep trouble that needed to be reset," Stroll told reporters. COVID-19 lockdowns and the disruption to global supply chains has slowed the company's recovery, he added.
Half of the new capital will be used to repay debt that stood at 957 million pounds at the end of March.The carmaker said former owner Italian investment group Investindustrial and China'sThe pair would have injected 203 million pounds for a stake, making them the largest shareholder. Stroll said the proposal would have been highly dilutive to shareholders and believed it was a takeover offer in disguise.
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Aston Martin outlines £653m investment planSaudi funding, more AMG money and share issue to electrify Aston's future with £653m investment plan 💰 SupercarOwner given the current share price, any substantial offering is going to be extremely dilutive!
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