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Aston Martin’s Top Investor May Raise Stake
Italy’s Investindustrial, which owns 31% of Aston Martin Lagonda Ltd., has offered to raise its stake by another three points.
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Italy’s Investindustrial, which owns 31% of Aston Martin Lagonda Ltd., has offered to raise its stake by another three points, Reuters reports.
Investindustrial’s Strategic European Investment Group is offering £10 ($12.53) per share.
Aston Martin launched an initial public offering last October at £19 ($22), which valued the British luxury car maker at £4.3 billion ($5 billion). But shares currently are trading under £10, which values the company at £2.2 billion.
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