Aston Martin Draws Two Final Bidders
Aston Martin Lagonda Ltd. has attracted two final bidders India's Mahindra & Mahindra and the U.K.'s Investindustrial to buy a 40% of the company, according to media reports.
Aston Martin Lagonda Ltd. has attracted two final bidders India's Mahindra & Mahindra and the U.K.'s Investindustrial to buy a 40% of the company, according to media reports.
The equity currently is held by Kuwait's Investment Dar Co., which owns 64% of the iconic British company's shares.
Bloomberg News reported two weeks ago that Investment Dar wants to dispose its stake and has hired Rothschild Group to help find a buyer.
The news service said the Kuwaiti firm, which acquired the Aston Martin stake in 2007, hopes to reduce its debt. Investment Dar continues to deny any interest in selling.