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Aston Martin to offload F1 stake, chairman says current valuation ‘a joke’

  • Aston Martin's executive chairman, Lawrence Stroll, considers the company undervalued and is open to selling its stake in the Formula 1 team to fund the road car division.
  • Stroll believes the stock market valuation of around £650 million (A$1.34 billion) is a joke.
  • The Yew Tree Consortium, led by Stroll, plans to increase its share in Aston Martin to 33% with an investment of £52.5 million (A$108.6 million).
  • The proposed sale of Aston Martin's stake in the Formula One team is expected to generate significant additional liquidity for the group.

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