Wednesday, 27th January 2021 |
3:53 AM GMT
After many weeks of discussion and approaches from other parties, Aston Martin has confirmed agreement for Investindustrial to take a a 37.5 per cent stake in the company, in exchange for £150m of equity capital.
Aston Martin employs around 1,800 staff including contract and agency workers, mostly in the UK, so it’s understandable that their trade union, Unite, is seeking confirmation that any capital received from the sale of equity goes into developing new products, rather than the pockets of current owners Investment Dar of Kuwait.
