Canadian billionaire Lawrence Stroll has agreed to buy up to 20 percent of U.K. car manufacturer Aston Martin, reported Reuters. According to terms of the deal, Stroll will pay 182 million pounds for a 16.7 percent stake, which could rise to 20 percent upon completion of the company’s plan to raise a total of 500 million. Aston Martin is mainly owned by Italian and Kuwaiti private equity firms.
Source: Reuters
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