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Aston Martin speeds towards October stock market listing

2018-09-10 12:42

Image: AFP / Gabriel Bouys

Aston Martin, the luxury British sports car brand driven by fictional spy James Bond, said on Monday that it will launch next month on the London stock market.

The company announced in a statement that its shares will begin trading in October with a free float of at least 25% of the issued share capital.

First female board member named

The company, which decided last month stage a partial initial public offering (IPO) in London, also named Penny Hughes as chairman in a break from its tradition of an all-male board.

The car manufacturer could be valued at up to ($6.5-billion, €5.9-billion), media reports indicate.

The century-old carmaker, based in Gaydon in central England, is controlled by Italian private equity fund Investindustrial and Kuwaiti investors.

German carmaker Daimler will meanwhile retain its near 5% stake.


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