Based on recent reports Mercedes Benz is all set to increase their stakes in Aston Martin Lagonda. With the increase in shares the company aims for a greater sharing of components with the British automaker.
The two auto-makers entered into their initial partnership in 2013 where Mercedes was set to own 5% stake in Aston Martin, which was later reduced to a 2.6% stake after subsequent funding in Aston Martin’s initial public offering in 2018.
As per the agreement, Mercedes will own around 20% of Aston Martin, compared to the 2.6% that’s currently owned by them. These additional shares will be issued in several stages over the next 3 years. The estimated valuation of these stakes is around 373 million. The company has announced that they currently have no intention of increasing its stakes in Aston Martin beyond 20%.
Official statements made by Aston Martin in a press release stated that Aston will now get access to the wide array of Mercedes components. These components include internal-combustion, hybrid and all-electric powertrains, electrical architectures, and vehicles components and systems.
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