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Aston Martin sells 37.5 percent stake to Investindustrial

 Aston Martin sells 37.5 percent stake to Investindustrial
Aston Martin announces new partnership with Investindustrial 07.12.2012

[UPDATE] It has been announced Aston Martin has sold a 37.5 percent stake to Italian private equity firm Investindustrial for 150m GBP. The sale is part of a broader 500m GBP investment Aston Martin plans to use towards new models and technologies over the next five years. Kuwait's Investment Dar retains its major shareholding in the automaker.

Investindustrial is likely to announce today its plans of investing in Aston Martin.

This is not the first time we have heard about the Italian private equity fund being interested in investing in the British sports car brand. Another name reported by the press is Indian automaker Mahindra & Mahindra that also has been in negotiations with the firm's owner, Kuwaiti investment house Investment Dar.

According to Reuters, Investindustrial previously placed a bid between 200 - 500 million GBP for a 50 percent stake in the British brand and was ok with a possible Aston Martin partnership with Mercedes-Benz.

Investindustrial is not new at making this kind of offer as in 2006 they bought Ducati which they sold this year in April to Audi for approximately 860 million EUR.

Investment Dar has denied several times its interest in selling all or a portion of its stake in AM.

ASTON MARTIN ANNOUNCES NEW PARTNERSHIP WITH INVESTINDUSTRIAL

7 December 2012, Gaydon: Aston Martin welcomes Investindustrial as a major shareholder and confirms that it will now proceed with its extensive and exciting plans for sustainable long-term growth.

Aston Martin Chairman David Richards said: “I am delighted that Investindustrial has decided to become a major investor in Aston Martin. With the support of The Investment Dar, we have made substantial progress over the past five years in laying the foundations for success as one of the world’s leading luxury sports car manufacturers. Investindustrial’s new investment reflects and sustains the unique position of Aston Martin within the industry. With this partnership and the continued commitment of The Investment Dar, we look forward to working with our shareholders as we realise our vision and exciting future plans.”

Andrea C. Bonomi, Senior Principal at Investindustrial, comments: “We are delighted to form part of this iconic global, but quintessentially British brand. We are looking forward to working with the management and Investment Dar to achieve a similar transformation and rejuvenation that we achieved with Ducati, by expanding the model range and strengthening the dealership network, throughout the world.”

Adnan Al-Musallam Chairman & Managing Director of The Investment Dar said: “We welcome Investindustrial as new partners in our collaboration with Aston Martin. With our continued commitment and the support of Investindustrial, Aston Martin is in a strong position to pursue its plans for development.”

Investindustrial is investing £150m in Aston Martin in the form of a capital increase for a 37.5 per cent stake in the company.

Aston Martin intends to invest more than half a billion pounds in its new product and technology programme over the next five years. With the support of The Investment Dar and Investindustrial, the company is well positioned to realise its ambitious growth strategy.

Aston Martin production will remain at the luxury British marque’s global headquarters at Gaydon in Warwickshire, a purpose-built facility where a skilled workforce of 1600 employees assemble the current range of sports cars.

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Comments (5)

 wcfuser19288 wcfuser19288
what next amg partners with toyota!
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December 10, 2012 1:23 am
 Roken Roken
God I hope that partnership with AMG happens...
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December 7, 2012 2:06 pm
 autoficianado autoficianado
They should take the tieup with MB. The black series cars & the SLS platform would help AM update their cars.
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December 7, 2012 1:28 pm
 bmw2002m bmw2002m
Great.....at least we won't get a DB9 followed by a new DB9 with the exact same shape.....followed by another DB9 with a different shaped steering wheel, different alloys and a 10 grand price hike. New money means new investment = modern designed cars and not that junk box DB9 that gets about 12 mpg and has been around for years.
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December 7, 2012 8:08 am
 MadAboutCars MadAboutCars
I feel sorry for Aston.
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December 7, 2012 7:50 am