Aston Martin seeking buyers for the firm

Major shareholder of Aston Martin is seeking to sell its stakes in the company and is approaching the potential buyers, according to some reports.

According to a report from Bloomberg, the Kuwait firm Investment Dar Co. which owns about 64 percent of the stake in Aston Martin has already hired financial advisory firm, Rothschild to take advice on the sale and several potential buyers have already been contacted for the same. These also include the Indian firm Mahindra and Mahindra.

The official statement from the Aston Martin is still to arrive.

Investment Dar is a part of a group headed by Prodrive’s David Richards which bought Aston Martin from Ford 5 years ago. Richard became the CEO of the popular sportscar brand which was then led by CEO Ulrich Bez since 2000.

According to Bloomberg, the sale of Aston Martin is proving quite difficult than anticipated as buyer is willing to pay about $800 million, however Investment Dar is not quite sure for selling it at that price.

The report also suggests that Toyota has conducted a one week study about a couple of month ago to look forward towards the feasibility of buying Aston Martin, but it has not yet progressed with its interest.

But recently Bez said that the Aston is not available for sale following the rumors that suggests that it was looking for a takeover by some famous carmaker.

Leave a Reply

Your email address will not be published. Required fields are marked *