Aston Martin to Raise £125M, Stroll Ups Stake

Aston Martin has announced plans to raise over £125 million ($161.7 million) via investment from Chairman Lawrence Stroll's Yew Tree Consortium and selling a minority stake in its Formula One team. Stroll's investment will increase his stake in Aston Martin from 27.7% to around 33% by purchasing 75 million new shares at a slight premium. The company, which has struggled with debts and financial losses, aims to strengthen its balance sheet and support future innovations through this funding. Additionally, the sale of its Formula One team's stake is expected to raise at least £74 million. Despite the stock's recent rise of up to 13%, Aston Martin's shares have fallen 35% this year. Stroll, who has invested over £600 million since 2020, is open to potentially taking the company private in the future if its market valuation does not improve.