Aston Martin owner denies receiving investment offers from M & M, other firm
Quotes

Aston Martin owner denies receiving investment offers from M & M, other firm

Last Updated: Monday, November 26, 2012, 12:11
 
 Comment 0
 
Aston Martin owner denies receiving investment offers from M & M, other firm
London: The owner of British luxury car maker Aston Martin, Kuwait's Investment Dar, has denied reports it has received competing bids for a 50 percent stake in the firm.

Italian private equity fund Investindustrial is widely reported to have made an offer of nearly 250 million pounds for Aston Martin.

According to the BBC, India's Mahindra and Mahindra was believed to have made a higher offer.

But in an interview with Kuwait's Al Watan newspaper Investment Dar chairman Adnan Al Musallam denied the report.

Earlier this month, Investment Dar dismissed a Bloomberg report that said it was looking to sell its stake in the British car maker as having ‘no truth to it’.

According to the report, at the time, the investment house said it had ‘a long-term plan and commitment with Aston Martin and has no plans to sell its stake in Aston Martin in the short term’.

Despite that statement on 12 November though, reports of a bidding war between Investindustrial and Mahindra and Mahindra have become more widespread, the report added.

Meanwhile, Mahindra and Mahindra declined to comment on the matter.

ANI


First Published: Monday, November 26, 2012, 12:11


Comments


comments powered by Disqus
Top 5 anticipated luxury cars of 2015
Top 5 anticipated luxury cars of 2015
Top 5 anticipated smartphones of 2015
Top 5 anticipated smartphones of 2015
World Economic Forum 2015
World Economic Forum 2015
G20 Summit 2014
G20 Summit 2014
2014`s Top People in Business: Fortune
2014`s Top People in Business: Fortune
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved