Just Two Bidders Left For Aston Martin

November 27, 2012 9:54 AM

Just Two Bidders Left For Aston Martin
" Earlier this month news broke that Kuwait’s Investment Dar was looking to offload its 64 percent stake in Aston Martin. It was reported that Investment Dar was looking to attain at least $800 million for its share of the British sports car manufacturer and was in talks with a handful of interested parties.

The latest word is that only two firms are still interested in buying the shares from Investment Dar: Indian automaker Mahindra & Mahindra and Italian private equity group Investindustrial.

Sources familiar with the matter have revealed to Reuters that Mahindra has made the higher offer, though talks are ongoing with both parties.

Investindustrial’s offer is said to be around $400 million, but despite being lower it may still win out as the offer is tipped to include a technical partnership with Mercedes-Benz "

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