M&M bidding for Aston Martin stake

M&M competing with European group for 50 percent stake
M-amp-M-competing-with-European-group-for-50-percent-stake
M-amp-M-competing-with-European-group-for-50-percent-stake

According to media reports, 50 per cent stake in Aston Martin could be sold before the end of the month. Bids have been made by Mahindra & Mahindra and European buyout group Invest Industrial. Although M&M are reported to have made the higher bid, Invest Industrial have also offered a technical partnership with Mercedes as part of the deal.

Aston Martin boss Dr Ulrich Bez recently told Autocar that the company was not for sale, but conceded the potential need for a technical partner. Aston Martin's Kuwait owners Investment Dar led a consortium that bought Aston Martin for £493m (4,394.7 cr) in 2007.

First Published Date: 26 Nov 2012, 18:23 PM IST
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.