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Motor1
Motor1
Business
Adrian Padeanu

Geely Buys 7.6 Percent Stake In Aston Martin Lagonda

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Earlier this year, Aston Martin Lagonda rejected a proposal from Geely and InvestIndustrial for an equity investment, declaring "there is no basis for further discussion." At that time, the 109-year-old sports car marque argued the proposed deal was not an "attractive funding option or value creation opportunity for existing shareholders." However, there must have been further discussions because the situation has taken a 180-degree turn.

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