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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| MercedesBenz Group AG | TG:MBG | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.320001 | -0.49% | 65.21 | 65.04 | 65.38 | 66.13 | 65.02 | 65.72 | 220,520 | 22:50:02 |
From May 2023 to May 2024
By Anthony O. Goriainoff
Aston Martin Lagonda Global Holdings said Monday that future access to technology from Mercedes-Benz Group will be in cash instead of an option to buy shares after the companies' strategic cooperation agreement was amended.
The U.K. luxury-car maker said Mercedes will remain a long-term strategic partner with a shareholding of around 9% in the company, and will retain its current representation on its board of directors. No further consideration of shares or related cash top-up payments will be issued or paid to Mercedes, Aston Martin said.
Under the amended SCA, Mercedes will continue to provide Aston Martin with access to a range of technologies including powertrain and electric/electronic architectures for current and future-generation vehicles.
Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
June 26, 2023 03:16 ET (07:16 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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