Aston Martin F1 team gets investment from PE firm Arctos


FILE PHOTO: The Aston Martin logo is seen on a V12 Vantage car at the company’s factory in Gaydon, Britain, March 16, 2022. Picture taken March 16, 2022. REUTERS/Phil Noble/File Photo

(Reuters) - The Aston Martin Formula One team said on Thursday it had agreed on an investment by U.S. private equity firm Arctos Partners in exchange for a minority shareholding.

Owner Lawrence Stroll has sold his stake in the team for 1 billion euros ($1.09 billion) to Arctos, a person with knowledge about the matter told Reuters.

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