Tuesday, 4 December 2012

Aston Martin for sale

It seems that Aston Martin is up for sale after all. It’s largest shareholder, Investment Dar Company, has reportedly put its part of the company (64 percent) up for sale. Several suitors have been approached by the Kuwaiti company and it has even been rumored that the Rothschild Group has been hired to advise them during the process. There is not much info about the deal but according to Business Week, Mahindra & Mahindra and Toyota might be possible candidates for the British brand. Furthermore, Toyota has been rumored to have hired an auditor to conduct a preliminary review of Aston Martin less than two months ago.

Investment Dar is reportedly asking $800 (€629 / £503) million for their share which would allow them to recoup what they invested when they bought Aston Martin from Ford in 2007. Breaking even isn’t ideal from an investment standpoint, but Investment Dar reportedly needs the funds to reorganize $4.9 (€3.8 / £3.0) billion of debt after missing a payment on an Islamic bond in 2009.


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