(Alliance News) - Aston Martin Lagonda Global Holdings PLC late on Friday confirmed it was evaluating various funding options and is in talks with potential investors which may result in an equity investment.
"The company confirms that it is reviewing its funding requirements and various funding options. It is also engaged in early stage discussions with potential strategic investors in relation to building longer term relationships which may or may not involve an equity investment," the carmaker said in response to press reports.
The Valkyrie hypercar maker added that it will make a further announcement as and when appropriate.
Earlier in December, Autocar magazine reported that billionaire Lawrence Stroll was preparing a bid to buy a major stake in the luxury carmaker.
Stroll is father of Formula 1 race car driver Lance Stroll and owner of F1 team Racing Point.
The car magazine 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.
Aston Martin shares ended 8.7% lower at 562.00 pence on Friday in London, the worst performer in the FTSE 250. The stock remains down 70% from its initial public offering price of 1,900.00p.
By Tapan Panchal; tapanpanchal@alliancenews.com
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