DMLRY - Mercedes-Benz AG and Aston Martin expands technology partnership in exchange for new shares

Mercedes-Benz AG ([[DMLRY]] -2.1%) and Aston Martin Lagonda (AMGDF) has inked strategic cooperation agreement that will allow Aston Martin to access a wide range of advanced Mercedes-Benz technologies including next generation hybrid and electric powertrains, as well as other vehicle components and systems in exchange for new shares.New shares will be issued in several stages over the next 3 years up to a total value of £286M, taking Mercedes-Benz AG's shareholding in Aston Martin up to a maximum of no more than 20.0%. This will result in further sales of components and systems for Mercedes-Benz AG, as well as the potential upside of any increase in the value of the enlarged shareholding in Aston Martin.

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Mercedes-Benz AG and Aston Martin expands technology partnership in exchange for new shares