Share Name Share Symbol Market Type
Daimler AG XE:DAI XETRA Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.30 € -3.09% 40.72 € 40.715 € 40.74 € 42.485 € 40.665 € 42.19 € 5,519,515 16:35:29

Strategic European Confirms GBP10/Share Partial Offer for Aston Martin

19/07/2019 8:05am

Dow Jones News


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   By Ian Walker 
 

Strategic European Investment Group S.a.r.l. confirmed Friday that it has launched a partial offer to buy 6.8 million Aston Martin Lagonda Global Holdings PLC (AML.LN) shares at 10 pounds ($12.53) each.

Strategic European said earlier this month that it was considering an offer to buy up to 3% of the luxury British car maker famed for its links to on-screen spy James Bond and that it had the backing of Daimler AG (DAI.XE) which owns 4.2%.

Strategic European is an independently managed investment subsidiary of Investindustrial VI LP, a fund managed by Investindustrial Advisors Ltd. It's offer, is part of a concert party that includes Prestige Motor Holdings S.A. and Preferred Prestige Motor Holdings S.A.

The concert party currently owns 70.6 million Aston Martin shares, or 30.97% of its issued share capital. Following the offer they will own 77.4 million Aston Martin shares, or 33.97%.

Aston Martin floated on the London Stock Exchange last October at GBP19 a share. Its shares closed Thursday at 963 pence each.

 

By Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

July 19, 2019 02:50 ET (06:50 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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