(Sharecast News) - Aston Martin announced on Friday that Yew Tree Consortium, led by chair Lawrence Stroll, has raised its stake in the business by a further 3.27%.
The investment takes Yew Tree's holding in the business to 26.23%.
"This additional investment demonstrates the Yew Tree Consortium's continuing confidence and belief in the future of Aston Martin," Stroll said.
Stroll became executive chairman of the British luxury car maker after leading the Yew Tree Consortium's initial investment in the company in April 2020.
"We have rebuilt this iconic company, transforming it into an ultra-luxury brand, with a portfolio of highly desirable, performance-driven cars. This increased investment demonstrates our continuing, long-term commitment to the company, our conviction for the future and the shareholder value the company will deliver."
Aston Martin Lagonda (AML)
