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| Name | Symbol | Market | Type |
|---|---|---|---|
| Geely Automobile Holding Ltd (PK) | USOTC:GELYY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.19 | -0.72% | 26.20 | 25.77 | 26.68 | 26.3687 | 25.90 | 25.90 | 11,977 | 21:01:22 |
From May 2023 to May 2024
By Giulia Petroni
Aston Martin Lagonda Global Holdings said Thursday that Geely Automobile Holdings will invest around 234 million pounds ($291.9 million) to become its third-largest shareholder.
The British luxury-car maker said the Chinese auto group will acquire approximately 42 million existing ordinary shares from the Yew Tree Consortium at 335 pence a share, increasing its aggregate shareholding to around 17%.
The Yew Tree Consortium has a shareholding of around 21% in Aston Martin, while the Public Investment Fund has around 18%.
Aston Martin Lagonda will receive approximately GBP95 million in cash from the subscription of new shares. Following the transaction, Geely will have the right to appoint a nonexecutive director to the car maker's board.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
May 18, 2023 03:01 ET (07:01 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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