Yew Tree has increased its ownership in Aston Martin to over 25%, despite a previous commitment to Geely and sparking rumors of a potential partnership with another car manufacturer.
The group, headed by billionaire chairman Lawrence Stroll, announced last Friday that it acquired an additional 3.27% stake in Aston Martin, bringing its total ownership to 26.23%.
This share purchase contradicts an agreement made with Geely earlier this year when the Chinese company increased its stake to 17% and resolved a conflict with Stroll by purchasing Aston Martin shares at a premium price.