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Investindustrial beats M&M; buys 37.5% stake in Aston Martin for $241 million

New Delhi, Dec 7: Italian private equity fund Investindustrial has signed a deal to buy 37.5 per cent of Aston Martin Lagonda Ltd from its Kuwaiti owner Investment Dar, beating Mahindra & Mahindra, the only

India TV Business Desk [ Updated: December 07, 2012 19:08 IST ]
investindustrial beats m m buys 37.5 stake in aston martin
investindustrial beats m m buys 37.5 stake in aston martin for 241 million

New Delhi, Dec 7: Italian private equity fund Investindustrial has signed a deal to buy 37.5 per cent of Aston Martin Lagonda Ltd from its Kuwaiti owner Investment Dar, beating Mahindra & Mahindra, the only other contender.




Investindustrial will pay $241 million in the form of a capital increase. The investment reflects and sustains the unique position of Aston Martin within the industry, Aston Martin said in a statement.

Aston Martin cars, which have been widely used in James Bond films, would get a technology programme over the next five years.

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