Aston Martin Formula One team sells 20-25% stake to HPS, Accel for £1.5-2B.
Aston Martin's Formula One team is set to be valued between £1.5 billion and £2 billion as it sells a 20-25% stake to investment firms HPS Investment Partners and Accel. This move follows a previous minority stake sale and is part of Lawrence Stroll's efforts to achieve sustainable profitability. HPS will also refinance debt linked to Aston Martin's Silverstone technology campus. Notably, engineer Adrian Newey may receive shares in a £100 million contract.
September 07, 2024
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