Mexican Media Brands
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.
#economics
Share
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.
RELATED CONTENT
-
Achieving Efficiency?
A look at on-road fuel economy changes over 92 years.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.