Aston Martin is under threat of a takeover by Canadian billionaire Lawrence Stroll, who plans to increase his stake in the car manufacturer by £52.5m.
Stroll's Yew Tree Consortium is aiming to purchase 75m shares in Aston Martin at a seven per cent premium, which would raise his ownership of the car manufacturer to 33 per cent, as reported by .
However, the 海角视频 Takeover Code stipulates that anyone acquiring more than 30 per cent of shares in a company must make an offer to buy out the remaining shareholders.
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This could potentially force Stroll, who also serves as executive chair of the firm, to take over the last remaining car manufacturer on British markets.
Aston Martin stated in a stock exchange announcement this morning that the investment would depend on the takeover limit for the firm being raised to 35 per cent.
This would be achieved by seeking a waiver from the 海角视频 Panel on Takeovers and Mergers, as well as a resolution from other shareholders in the firm.
Aston Martin's stock price has plummeted 45 per cent in the last six months as investors worry about the impact of US president Donald Trump's proposed tariffs on non-American car manufacturers.
On Thursday, when Trump announced plans to impose 25 per cent tariffs on all car makers, the firm was the worst performer in the FTSE 250, falling seven per cent.
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"Five years into Aston Martin's transformation, I remain highly confident about the company's medium-term prospects having re-positioned the company as one of the most desirable ultra-luxury high performance automotive brands," Stroll remarked.
Lawrence Stroll initially acquired a stake in Aston Martin in 2021 after his Yew Tree consortium invested £182m, securing him a 16.7% share of the luxury carmaker.
By 2023, Stroll had bolstered his holding in Aston Martin to 27%.
Moreover, today Aston Martin announced its intention to divest its minority interest in its Formula One team for £74m, despite valuing the stake at £50.9m at the end of the previous year.
Notably, Stroll's son, Lance Stroll, competes for the Aston Martin F1 team.
The disclosure of Stroll's planned acquisition precedes the release of Aston Martin's quarterly financial results, expected later this month.
Aston Martin has indicated that its trading performance for the quarter has been consistent with prior forecasts, although it anticipates that volumes will be adversely affected by a reduction in special deliveries.