Why Geely has doubled its stake in Aston Martin: the story behind today's news 📈
► Reflects shift in British brands’ ownership
Geely has doubled its stake in Aston Martin to 17%, representing a sizeable jump in its investment in the ultra-luxury British performance brand. It represents an important shift in Geely’s portfolio, which already owns a number of British and European car makers, including Lotus, LEVC, Volvo and Polestar. The deal will boost Aston’s reach in China and open up new tech-sharing opportunities.
Terms of the deal were announced by Aston Martin in a statement to the London Stock Exchange. Geely bought 42 million shares from Stroll’s consortium, and was issued with 28m new shares at 335p each. Geely chairman Eric Li said: ‘Since first acquiring our minority holding last September, we have worked collaboratively with executive chairman Lawrence Stroll and his colleagues and now look forward to exploring joint technology synergies and new growth opportunities to help this iconic automotive brand to achieve its full potential.’
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Aston Martin stock soars after $295 mln on Geely investmentAston Martin's stock popped nearly 22% on Thursday, after the luxury carmaker announced a 234 million pound investment by China's Geely , that will see the automotive firm become its third-largest shareholder.
Baca lebih lajut »
Aston Martin stock soars as China's Geely to become no.3 shareholderAston Martin's shares jumped nearly 25% on Thursday after the luxury carmaker announced a 234 million pound investment by China's Geely , doubling the automotive firm's stake to make it the third-largest shareholder.
Baca lebih lajut »
New Aston Martin sports car will speak with an English accentAston Martin will reveal its next model on May 24. The DB11 replacement will feature a new infotainment system that speaks with a British accent.
Baca lebih lajut »
Apple previews iOS 17 accessibility features, including one that recreates your voice on callsAhead of WWDC 2023, Apple has announced a range of new accessibility features that will be released later this year.
Baca lebih lajut »
Buzzy new Mexico City-based café and juice bar opening in Houston May 17First Texas outpost of Ojo de Agua opening at River Oaks District with fruit and...
Baca lebih lajut »
Betting Lines Released on All 17 Houston Texans GamesIn 2023, we want everything on our terms, when we want it, how we want it. If we want food, we can immediately push a few buttons on our phones, and in 30 minutes the food arrives in nice, neat packaging, hot and ready. If we want our TV shows...
Baca lebih lajut »