The latest word is that only two firms are still interested in buying the shares from Investment Dar: Indian automaker Mahindra & Mahindra and Italian private equity group Investindustrial.
Sources familiar with the matter have revealed to Reuters that Mahindra has made the higher offer, though talks are ongoing with both parties.
Investindustrial’s offer is said to be around $400 million, but despite being lower it may still win out as the offer is tipped to include a technical partnership with Mercedes-Benz "
Click here to read the whole article
Earlier this month news broke that Kuwait’s Investment Dar was looking to offload its 64 percent stake in Aston Martin. It was reported that Investment Dar was looking to attain at least $800 million for its share of the British sports car ...
Read moreMahindra & Mahindra (M&M;) and Investindustrial, a European private-equity fund based in Switzerland, are reportedly bidding for a substantial stake to take control of Aston Martin. Reports suggest that Kuwaiti investment group Investment Dar, which brought ...
Read moreThe first vehicles from BMW’s new i division for sustainability and future mobility, the i3 electric hatch and i8 plug-in hybrid sports car, are nearing the end of their development phase and will be launched on the market in 2013 and 2014, respectively ...
Read moreIn a news release, trust officials cautioned potential bidders. “Anyone considering bidding on the ... the trust is absolutely exempt from property taxation under New York state law, just as are schools, churches, museums and Indian reservation lands ...
Read more