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Based on Aston Martin's closing share price on Sept. 28, the
stake is valued at 7.55 billion pounds ($8.39 billion).
It was bought by Li Shufu, founder and chairman of Zhejiang
Geely, Aston Martin said in a regulatory filing, making the
Chinese firm one of the top shareholders in the British
carmaker, according to Refinitiv Eikon.
"We look forward to exploring potential opportunities to engage
and collaborate with Aston Martin as it continues to execute its
strategy to achieve long term, sustainable growth and increased
profitability," Daniel Donghui Li, Zhejiang Geely's chief
executive officer said.
Aston Martin also separately announced the completion of 654
million pounds capital raise.
($1 = 0.8994 pounds)
(Reporting by Jaskiran Singh in Bengaluru; Editing by Anil
D'Silva and Arun Koyyur)
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