Strategic European Investment Mulls Offer for 3% of Aston Martin

   By Ian Walker

Strategic European Investment Group Sarl said Monday that it is considering making an offer to buy about 3% of Aston Martin Lagonda Global Holdings PLC's (AML.LN) issued share capital at 10 pounds ($12.69) a share.

Strategic European Investment Group is an independently managed investment subsidiary of Investindustrial VI LP, a fund managed by Investindustrial Advisors Ltd.

Strategic European said it has the support of Daimler AG (DAI.XE) who has agreed to approve the deal in respect of its 4.2% shareholding in Aston Martin, the luxury British car maker famed for its links to on-screen spy James Bond.

Adeem Automotive Manufacturing Company Ltd., Asmar Ltd., Primewagon (Jersey) Ltd. and Stehwaz Automotive Jersey Ltd. have also agreed to support the deal in respect of their 30.6% combined shareholdings in Aston Martin.

Aston Martin floated on the London Stock Exchange last October at GBP19 a share. Its shares closed Friday at GBP10.05 each.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

July 01, 2019 02:38 ET (06:38 GMT)

Mercedes Benz (PK) (USOTC:DMLRY)
Historical Stock Chart
From Mar 2024 to Apr 2024