Aston Martin Lagonda has raised £125 million through a £74 million stake sale in Lawrence Stroll's Formula 1 team and £52.5 million from new shares to Yew Tree investors. This capital boosts Yew Tree's ownership from 28% to 33%, reflecting a total investment of over £650 million. Despite raising substantial funds since 2018, Aston Martin faces cumulative losses of £1.6 billion. Stroll defended the initiative as a commitment to the company, aiming to counter market speculation while navigating New York regulations regarding ownership thresholds.
The recent capital injection of £125 million by Aston Martin Lagonda enhances investor confidence, despite the company struggling with massive losses and past financial turbulence.
Executive chairman Lawrence Stroll emphasized the importance of the capital injection: 'This is an elegant way of strengthening the balance sheet and demonstrating my commitment to the company.'
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