Aston Martin owner Lawrence Stroll has reportedly increased his controlling stake in the Formula 1 team after Kuwaiti investors reduced their shareholding.
The Canadian billionaire first bought into Aston Martin Lagonda Global Holdings last year, keen to revamp both the brand's image and its car range. The consortium he led invested north of £180 million in return for a 16.7% stake in the company.
As part of the deal, Stroll's F1 team, Racing Point, rebranded to Aston Martin for the 2021 season.
And according to reports in the Arabian news, Stroll has now increased his stake further after Adeem/Primewagon reduced their shares to become a minority owner.