Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Aston Martin holds talks with investors

 

Simon Read
Thursday 29 November 2012 18:50 EST
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Sports car maker Aston Martin yesterday admitted it is in "advanced" talks with potential investors, but its current owners have ruled out a sale of the business.

A spokeswoman for the firm said: "We are in talks for a capital increase. The company was not for sale and our existing shareholders, Investment Dar, are very much committed to Aston Martin."

Rumours have surrounded the car maker for weeks with offers believed to have come from Italian private-equity fund Investindustrial and India's Mahindra & Mahindra.

The Indian group is believed to want to buy up to half the car maker for around $400m (£250m).

Kuwaiti investment house Investment Dar bought the brand from Ford five years ago for £479m in a consortium with another Kuwaiti investment fund, Adeem Investment.

Dave Richards, the former Formula One Benetton and BAR boss, fronted the consortium and remains chairman of Aston Martin.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in