Mercedes F1 boss Wolff takes a stake in Aston Martin

FILE PHOTO: Formula One F1 - Russian Grand Prix - Sochi Autodrom, Sochi, Russia - September 28, 2019 Mercedes' team principal Toto Wolff REUTERS/Maxim Shemetov/File Photo

Mercedes Formula One boss Toto Wolff has taken a stake in British sports car maker Aston Martin, whose executive chairman Lawrence Stroll runs the Racing Point F1 team, according to company filings.

A Mercedes F1 spokesman said Wolff's move was purely an investment on the Austrian's part and would be diluted by a rights issue today from 4.77% to less than 1%.

"Fully diluted following the pending rights issue, this investment will represent a 0.95% stake in the company," he added. [Reuters]

 

By AFP 6 hrs ago
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