Lawrence Stroll-Led Yew Tree Raise Aston Martin Stake To 26.23%
Aston Martin revealed on Friday that Lawrence Stroll-led Yew Tree Consortium had increased its ownership stake in the company by an additional 3.27%.
With the investment, Yew Tree now owns 26.23% of the company, Bloomberg reported.
This additional investment demonstrates the Yew Tree Consortium's continuing confidence and belief in the future of Aston Martin," Stroll said.
Stroll oversaw the Yew Tree Consortium's initial investment in the business in April 2020, at which point he was appointed executive chairman of the British luxury car manufacturer.
"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."
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