Deals
Aston Martin Is Said in Last-Ditch Funding Talks With Stroll, Geely
- Canadian investor Stroll willing to inject about $260 million
- China’s Geely said to be eyeing Aston Martin’s car technology
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Aston Martin Lagonda Global Holdings Plc is making a last-ditch effort to bring in fresh funding, with billionaire Lawrence Stroll closest to committing to buying a stake in the struggling U.K. luxury-car maker, according to people familiar with the matter.
The Canadian investor and owner of the Racing Point Formula One team is in advanced discussions to inject about 200 million pounds ($260 million) as part of a capital increase by the automaker, said one of the people, asking not to be identified because the talks are confidential.