Business Standard

007 carmaker Aston Martin gears up for London stock market float

German carmaker Daimler will meanwhile keep its near 5.0-per cent stake in the group, Aston Martin said

Photo: Hannah Elliot/Bloomberg
Premium

Photo: Hannah Elliot/Bloomberg

PTI AFP London
Aston Martin today said it plans to float one quarter of the British company on the London stock market, as demand rises worldwide for the luxury brand's cars favoured by fictional spy James Bond.

Full details of the initial public offering will be published on September 20, Aston Martin said in a statement, with reports noting that the company could be valued up to GBP 5.0 billion (USD 6.4 billion or 5.5 billion euros).

"Today's announcement represents a key milestone in the history of the company, which is reporting strong financial results and increased global demand for its award-winning sports cars,"Aston Martin

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 29 2018 | 11:20 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com