Mahindra & Mahindra and Investindustrial are reportedly interested in purchasing a 50 percent stake of Aston Martin from owner Investment Dar.
Bloomberg is reporting that Mahindra & Mahindra along with Investindustrial are interested in buying Aston Martin from its owner Investment Dar.
Earlier this month, a report was indicating that Toyota and Mahindra & Mahindra want to acquire Aston Martin, with owner Investment Dar reportedly asking for about 800M USD. Now we hear that the winning bidder will obtain 50 percent of the voting rights and a 40 percent equity stake, while the rest will be retained by Investment Dar, other Kuwaiti investors and AM management.
If Investindustrial wins, they want to implement AMG technology and parts in Aston Martin vehicles. They plan on investing in current models and add new ones as well to attract additional customers.
None of the parties confirmed or denied these rumors.