Billionaire is ready to acquire a stake in Aston Martin

Billionaire is ready to acquire a stake in Aston Martin

December 5, 2019 0 By autotimesnews

Lawrence Stroll, father of Formula 1 pilot Lance, wants to buy a majority stake in Aston Martin, a British corporation.

Billionaire Lawrence Stroll is preparing an application for the acquisition of a large stake in Aston Martin. Stroll, the father of Formula 1 Lance driver and owner of the Racing Point F1 team, has an income that exceeds £ 2 billion. He made his fortune from investing and founding brands such as Pierre Cardin, Ralph Lauren, Tommy Hilfiger, Asprey and Garrard. He also has a large collection of cars.

As noted, his business interests and love for cars makes it possible to take control of Aston Martin, especially since at the moment the company has a low share price. At the same time, Lawrence Stroll declined to comment on his own plans.

 Now Aston shares are worth around £ 5, while at one time they cost £ 17. The main shareholder of the Strategic European Investment Group in the current period owns approximately one third of the holding company.

  The company began to be closely monitored since its placement last year, its cost amounted to about 5 billion pounds. But the corporation fails after a significant decrease in sales forecasts due to a slowdown in global demand for its products. In the first 6 months of this year, the company reported a loss of almost £ 80 million.