Saturday, 22 September , 2018     |     489      |      +      |     

Kuwait-backed Aston Martin speeds towards October listing

Kuwait-backed Aston Martin speeds towards October listing : Google
  • Business

Aston Martin, the luxury British sports car brand driven by fictional spy James Bond, said Monday that it will launch next month on the London stock market.


The company announced in a statement that its shares will begin trading in October with a free float of at least 25 percent of the issued share capital.

The company, which decided last month stage a partial initial public offering (IPO) in London, also named Penny Hughes as chairman in a break from its tradition of an all-male board.

The car manufacturer could be valued at up to £5 billion ($6.5 billion, 5.9 billion euros), media reports indicate.

The century-old carmaker, based in Gaydon in central England, is controlled by Italian private equity fund Investindustrial and Kuwaiti investors.

German carmaker Daimler will meanwhile retain its near 5.0-percent stake.

Kuwait Today Business Subscription

Keywords:
Category: #Business | 2018/09/22 latest update at 3:00 PM
Source : Arabian Business | Photocredit : Google
490
Comments Add comment

Latest Comments


  
  LinkedIn Gulf Media

Sponsored Publications


Related Articles

The editorial staff of Kuwait Media would like to give all of its readers from Gulf and Kuwait and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Kuwait Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Kuwait, the Gulf and the world.


Latest searches in Kuwait Today