China's Geely buys 7.6% stake in Aston Martin

China-based Zhejiang Geely announced on Friday that it has bought a 7.6% stake in British luxury carmaker Aston Martin. However, the financial details of the deal were not disclosed. Geely's stake is valued at about $74 million, based on Thursday's closing share price. Aston Martin also separately announced the completion of a $732 million capital raise.

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