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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.

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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.

Gardner Business Media - Strategic Business Solutions