Canadian Businessman Lawrence Stroll Wants to Buy Out Aston Martin

Lawrence Stroll, father of Formula 1 driver Lance Stroll, may become the new owner of the British company.

Canadian billionaire Lawrence Stroll is considering buying a large stake in Aston Martin.

According to AutoCar, the assets of Stroll Sr. are estimated at about €2.4 billion. Besides, he is a part-owner of the Racing Point F1 Team and collector of vintage Ferraris. Stroll’s collection is considered to be the most valuable in the world.

Canadian Businessman Lawrence Stroll Wants to Buy Out Aston Martin photo 2

Taking advantage of the fact that Aston Martin’s business is not going well, the consortium led by Stroll is allegedly interested in buying a controlling stake of the company. The Strategic European Investment Group, part of the Italian private equity group Investindustrial, currently holds about 30% of Aston Martin's shares. At the time of a stock market flotation in 2018, the market value of the British car manufacturer was about €5.9 billion with reported losses of almost €95 million in the first half of 2019.

The rumors about the possible passing of the company into Stroll’s ownership have given rise to a version of an existing alliance between Aston Martin and Racing Point. If events follow this scenario, it will have an impact on the close ties between Aston Martin and Red Bull Racing.

Lawrence and Lance Stroll Lawrence and Lance Stroll

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