Aston Martin confirmed that its partnership with Italian investment fund Investindustrial is complete.
The deal gives Aston Martin £150 million in a capital increase and Investindustrial a 37.5 percent stake in the company. Aston Martin’s headquarters will remain at Gaydon in Warwickshire, England.
That investment, Aston Martin said, underscores an investment of 500 million pounds (almost $780 million) over the next five years in new product development for the brand.
Details of the company’s first quarter will be released to bondholders later this month, but the brand said it is well positioned to implement its aggressive growth strategy after receiving support from Investment Dar and Adeem Investment and now Investindustrial — its biggest stakeholders.
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