Date: 7 months ago   Category: Industry

Daimler plans to keep the share in Aston Martin after the IPO — Rambler News Service


The German carmaker Daimler AG plans to keep the share of about 4,9% of common stocks in the British car maker Aston Martin after carrying out the IPO, follows from the message of Aston Martin. "Daimler AG will remain the shareholder and won't sell the shares on the IPO, converting the current share without the right to vote of about 4,9% into common stocks", - it is said in the statement. Aston Martin plans to disclose IPO details on September 20, 2018. Listing of Aston Martin is expected in October, free float will make not less than 25%. The company expects delivery of cars following the results of 2018 from 6,2 to 6,4 thousand pieces, production will make in 2019 from 7,1 thousand to 7,3 thousand pieces, and in 2020 can increase up to 9,6 thousand – 9,8 thousand cars. In the medium term – to about 14 thousand cars a year. Sales to the company in the Russian market in the first half of the year 2018 have made 10 pieces, Avtostat reported earlier. Aston Martin belongs to consortium of investors, including investment funds from Kuwait and InvestIndutrial from Italy.

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