F1's Stroll steps in to recap and restructure Aston Martin

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F1's Stroll steps in to recap and restructure Aston Martin

Aidan Gregory
January 31, 2020 12:30 PM
Aston_Martin_PA_575_375
File photo dated 28/2/2013 of the Aston Martin logo. Luxury sports car-maker Aston Martin Lagonda has agreed to sell a ??182 million stake to a consortium led by a Canadian billionaire as part of a major fundraiser to protect the future of the British manufacturer. | Joe Giddens/PA Wire/PA Images

Shares in Aston Martin Lagonda, the UK maker of luxury cars, surged by more than 20% on Friday morning after the company unveiled a £500m rescue deal led by Lawrence Stroll, the Canadian billionaire Formula One investor. Sources close to the deal discuss his plan to transform the company, which has struggled since it listed in 2018.

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Aidan Gregory
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