Mahindra & Mahindra, Italy PE fund make bid for Aston Martin
Investindustrial had made bid worth between 200 million and 250 million pounds.
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