Billionaire Lawrence Stroll has come to the rescue of British luxury carmaker Aston Martin as part of a plan to raise emergency funding worth $655 million.
Share to linkedin... [+]has come to the rescue of British luxury carmaker Aston Martin as part of a plan to raise emergency funding worth $655 million .
The Stroll consortium will pay $238 million for 16.7 % of Aston Martin at a price of £4 per share. The Canadian billionaire’s stake could rise to 20% if the rescue plan is successful. Share at the time of press are up 21% to 487.90. ... [+]In a statement to shareholders Stroll described the move as a “significant long-term investment” and championed the firm as making the “world's most iconic luxury cars, designed and built by very talented people.
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