Billionaire Stroll seeks controlling stakes in Aston Martin, shares sky-dive 17%


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Billionaire Stroll seeks controlling stakes in Aston Martin, shares sky-dive 17%

Canadian billionaire, Lawrence S. Stroll, 60, owner of the Formula 1 team Racing Point and father of a Formula 1 driver, Lance Stroll, and a vintage Ferrari collector having a net asset worth of $2.6 billion as of Q1, 2019, had been preparing a bid to purchase a majority stake of British independent luxury carmaker, Aston Martin, a car magazine Autocar published on Thursday (December 5th) had revealed citing sources familiar with the subject-matter, while a breakout of the news had witnessed London Stock Exchange-listed shares of Aston Martin to snowball as much as 18.39 per cent to £595.48 on Thursday’s (December 5th) market wrap-up.

Nonetheless, shares’ prices of Aston Martin had been taking heavy headers since its floatation back in October 2018, while sales of Aston Martin, a car of choice for a fictional movie character, British Secret Service Agent James Bond, had also been failing to meet expectations.

However, according to Autocar’s Thursday’s (December 5th) report, Stroll was headed to become an owner of a consortium by taking a majority stake of the British carmaker, while another car magazine, Racefans.net was quoted saying that the Canadian businessman, Stroll, was looking to rebrand Racing Point as Aston Martin, if he could succeed to purchase a controlling stake in the Gaydon-based British carmaker.

Nonetheless, a spokeswoman for Aston Martin neither declined nor acknowledged any movement over the bidding carpet for the independent British luxury carmaker.