ASTON MARTIN SPEEDS AHEAD
LUXURY British carmaker Aston Martin is seeking a valuation of up to £5.07 billion (R97bn) from its stock market flotation and has taken steps to prepare for any eventuality over Brexit, it said yesterday. The company, famed for making the sports car driven by fictional secret agent James Bond, said last month that it was pursuing an initial public offering (IPO), the first British carmaker to do so for decades. It hopes to announce its final pricing on or around October 3 and expects its shares to be admitted to the London Stock Exchange on or around October 8. Carmakers have warned about the impact of any customs checks introduced as a result of a no deal or hard Brexit which could slow production. – Reuters