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Mahindra & Mahindra, Italy PE fund make bid for Aston Martin

Last Updated: Saturday, November 24, 2012 - 09:24

Zeebiz Bureau

Milan: Indian car maker Mahindra and Italian private equity fund Investindustrial have made competing bids for 50 percent of British luxury car maker Aston Martin with a deal expected over the weekend, a news wire reported Saturday.

The news wire, quoting sources said that Mahindra made a higher counter bid following Investindustrial’s offer.

Investindustrial had made bid worth between 200 million and 250 million pounds (USD 400 million) .

Reportedly the deal is expected to be finalised over the weekend.

With Agency Inputs

First Published: Saturday, November 24, 2012 - 09:24
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