Investindustrial to Buy Aston Martin?
The Internet grapevine has been abound with rumours of Mahindra & Mahindra holding talks with Kuwati firm, Investment Dar to buy up their stock in the iconic British carmaker Aston Martin. However, from the looks of it M&M may have to pull out of its bid as a new favourite in the form of Investindustrial has emerged. Investindustrial is the same company that, in 2006, bought Italian motorcycle maker Ducati and later sold it for 860 million euros.
The Internet grapevine has been abound with rumours of Mahindra Mahindra holding talks with Kuwati firm, Investment Dar to buy up their stock in the iconic British carmaker Aston Martin. However, from the looks of it MM may have to pull out of its bid as a new favourite in the form of Investindustrial has emerged. Investindustrial is the same company that, in 2006, bought Italian motorcycle maker Ducati and later sold it for 860 million euros.
While there is much mystery surrounding what is to become of Aston Martin, 50 per cent stock holder, Investment Dar has repeatedly denied any intentions to sell all or a part of its Aston Martin stock. Investindustrial had previously bid 200-250 million pounds for 50 per cent of the Aston Martin stock and had agreed to a partnership for Aston Martin with Daimler AG's Mercedes. Mahindra meanwhile has made no statements in regard to this.