Aston Martin - comment

The deepening relationship between Geely and AML is a more important signal than the £94m of additional capital from new shares. Geely will now have a non-executive on the board at AML. AML is a small-batch producer, and partnering up with a bigger producer was always the likely end game. Lawrence Stroll is not looking at the exit, but keeping one eye on the future is a smart move. Yew Tree is selling some of its shareholding to Geely but will remain the biggest shareholder (21%), with the Saudi investment fund at 18%. And Geely at 17%. Geely is an existing investor in Mercedes c10%, so the AML/AMG relationship should not be threatened by Geely increasing its AML stake.

https://www.proactiveinvestors.co.uk/LON:AML/Aston-Martin-Lagonda-Global-Holdings-PLC/rns/1312492