Investindustrial is likely to announce today its plans on investing in Aston Martin.
[UPDATE] It has been announced Aston Martin has sold a 37.5 percent stake to Italian private equity firm Investindustrial for 150m GBP. The sale is part of a broader 500m GBP investment Aston Martin plans to use towards new models and technologies over the next five years. Kuwait's Investment Dar retains its major shareholding in the automaker.
Investindustrial is likely to announce today its plans of investing in Aston Martin.
This is not the first time we have heard about the Italian private equity fund being interested in investing in the British sports car brand. Another name reported by the press is Indian automaker Mahindra & Mahindra that also has been in negotiations with the firm's owner, Kuwaiti investment house Investment Dar.
According to Reuters, Investindustrial previously placed a bid between 200 - 500 million GBP for a 50 percent stake in the British brand and was ok with a possible Aston Martin partnership with Mercedes-Benz.
Investindustrial is not new at making this kind of offer as in 2006 they bought Ducati which they sold this year in April to Audi for approximately 860 million EUR.
Investment Dar has denied several times its interest in selling all or a portion of its stake in AM.