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| Name | Symbol | Market | Type |
|---|---|---|---|
| Mercedes Benz Group AG (PK) | USOTC:MBGYY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.06 | -0.33% | 18.07 | 18.00 | 18.13 | 18.12 | 17.97 | 18.06 | 87,744 | 21:04:34 |
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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