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Wolff purchases shares in Aston Martin
Toto Wolff Mercedes-AMG F1 Team Principal Toto Wolff has bought shares in Aston Martin, the marque led by Lawrence Stroll which will replace the ‘Racing Point’ name on the grid next year. Wolff has picked up 4.77 percent of Aston Martin Lagonda Global Holdings plc, a stake which will be diluted to 0.95 percent on the next trading day due to a rights issue, according to documents released by the company. Although the transaction could be construed as creating a conflict of interest, it should be noted that Mercedes parent Daimler is also a shareholder of and supplier to Aston Martin. Mercedes’ factory Formula 1 team also sells engines and other parts to Racing Point, which will become...
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5y ago from SpeedCafe.com
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