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Report: Aston Martin Hires Lazard to Prep for Stock Listing or Sale
Aston Martin Holdings Ltd. has hired investment banking firm Lazard Ltd. to prepare the company for a sale or an initial public offering in the fourth quarter of 2018, sources tell Reuters.
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Aston Martin Holdings Ltd. has hired investment banking firm Lazard Ltd. to prepare the company for a sale or an initial public offering in the fourth quarter of 2018, sources tell Reuters. Neither company has commented.
Either option would value the iconic British carmaker at £2 billon-£3 billion ($2.7 billion-$4 billion), according to the news service’s sources.
Aston Martin is owned by a consortium led by Kuwait firms Investment Dar and Adeem Investment with a combined 54.5% stake, and Italian private equity firm Investindustrial with a 37.5% holding.
Earlier this month Investindustrial denied a media report in Italy that it planned to hike its stake in the carmaker to 50% by buying equity from other investors.
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