Report: Mahindra drops Aston Martin bid, Investindustrial is close to buying stake

As reported earlier last month, Aston Martin’s owner Investment Dar Co. has been looking to get rid of its 64 percent stake in the luxury supercar maker. At first it was reported that Indian automaker Mahindra & Mahindra is in the lead to purchase the controlling share in Aston but that seems to have changed.

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According to a new report by Automotive News Europe private equity fund Investindustrial is near an agreement to buy the Aston Martin stake. The London based company has trumped Mahindra’s bid but a final agreement has not yet been signed.

If completed, the deal would give Aston Martin a much needed cash infusion to invest in new resources.

– By: Omar Rana

Source: AutoNews

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