(Alliance News) - Shares in Aston Martin Lagonda Holdings PLC rose on Thursday after Autocar reported that billionaire Lawrence Stroll is preparing a bid to buy a major stake in the luxury carmaker.
Lawrence Stroll is father of Formula 1 race car driver Lance Stroll and owner of F1 team Racing Point.
Autocar on Thursday reported that Lawrence Stroll was looking to head a consortium to take control of Aston Martin, in a bid to build the car marque's equity up again in future years, following a tumultuous period after listing in October 2018.
https://www.autocar.co.uk/car-news/industry/billionaire-poised-launch-bid-major-aston-martin-stake
Shares in the Gaydon, Warwickshire-based firm were up 17% at 589.00 pence, the second best performer in the FTSE 250 on Thursday. However, the stock remains down 70% from its initial public offering price of 1,900.00p.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Aston Martin Lagonda (AML)
