In this news, we discuss the Aston Martin expands deal with Mercedes-Benz in exchange for stake.
(Reuters) – Aston Martin AML.L on Tuesday expanded a deal with Mercedes-Benz AG to access the German automaker’s technology in exchange for new shares, while reporting third-quarter revenue that nearly halved .
The company, which has organized a new financing plan consisting of new shares and new notes, said the new shares issued will increase Mercedes-Benz’s stake to a maximum of 20%.
Report by Yadarisa Shabong in Bengaluru; Edited by Arun Koyyur
Original © Thomson Reuters
Originally posted 2020-10-27 21:16:09.