Billionaire back Lawerence Stoll’s consortium have increased their shares in the luxury car maker Aston Martin.
Yew Tree Consortium have agreed to buy 26 million more ordinary shares, Aston Martin shareholders were told.
Stroll’s consortium has increased their stake by 3.27% to 26.23%, which saw shares in Aston Martin 12% higher on Friday.
Stroll said, “The Yew Tree Consortium is delighted to increase its ownership in the company by 3.27%.
“This additional investment demonstrates the Yew Tree Consortium’s continuing confidence and belief in the future of Aston Martin.
“The company has delivered a major turnaround since the Yew Tree Consortium’s initial investment three years ago.
“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.”