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12/13/2019, 6:48 PM (Source: TeleTrader)
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Aston Martin confirms funding talks with investors

Luxury sportscars manufacturer Aston Martin Lagonda Global Holdings plc confirmed on Friday it is in talks with potential investors about possible equity investments.

The company stated that "it is reviewing its funding requirements and various funding options. It is also engaged in early-stage discussions with potential strategic investors in relation to building longer-term relationships which may or may not involve an equity investment."

It was reported earlier that the company is in talks with billionaire Lawrence Stroll but also potential investors from the Middle East, India and China, regarding the possible acquisition of the company. Aston Martin shares are now down more than 70% since the carmaker went public last year.

Breaking the News / TF