London - Indian carmaker Mahindra & Mahindra is reportedly competing against an Italian private equity firm for purchasing a 50 percent stake in the British automobile giant Aston Martin.
Investindustria, which is understood to have made a bid of around 250 million pounds for the luxury carmaker, faces competition from Mahindra & Mahindra, which is understood to have made a higher offer, The Telegraph reports.
According to the paper, the Italian firm is optimistic that Aston Martin's Kuwaiti owners, The Investment Dar, will favour its plans to invest in new technology.
The bids from both Investindustrial and Mahindra & Mahindra are thought to include plans to keep production at Aston Martin's headquarters and plant in Gaydon, Warwickshire, UK, the paper said.
Investindustrial, Aston Martin and Mahindra & Mahindra all remained unavailable for comment.
| Other Articles: |
 |
World's richest woman Rinehart warns Australia risks becoming another 'Greece, Spain' (24th Nov, 2012) |
|
Tata to axe 900 jobs across UK (24th Nov, 2012) |
|
Titagarh Wagon restructures rail coach, mining equipment verticals (24th Nov, 2012) |
|
LPG prices to drop in Pakistan (24th Nov, 2012) |
|
Government raises Rs.800 crore from HCL stake sale (24th Nov, 2012) |
|
'Environmental compliance should be voluntary' (24th Nov, 2012) |
|
TSPDL to miss 25 percent sales target due to slowdown (24th Nov, 2012) |
|
Life insurance premium drops 2.33 percent (23rd Nov, 2012) |
|
Dreamland' carnival begins in Chandigarh (23rd Nov, 2012) |
|
DGCA asked to redress pilots grievances on in-service tests (23rd Nov, 2012) |
|
Lula offers Brazil's help for Indian infrastructure (23rd Nov, 2012) |
|
Sensex closes flat; PSU, bank stocks plummet (23rd Nov, 2012) |
|
Left moots campaign against Centre's cash transfer plan (23rd Nov, 2012) |
|
Kerala government to promote state as shopping destination (23rd Nov, 2012) |
|
Five firms interested to develop Bodh Gaya temple (23rd Nov, 2012) |
|
Gold growth by Rs. 110 to Rs. 32,560 per 10 gm (23rd Nov, 2012) |
|
SiliconIndia.com appoints new CEO (23rd Nov, 2012) |
|
New railway project to link India and Bangladesh (23rd Nov, 2012) |
|
Anonymous 'hacktivists' cost PayPal £3.5m after firm refused to process WikiLeaks payments (23rd Nov, 2012) |
|
US judge orders Apple to share HTC-patent deal details with Samsung (23rd Nov, 2012) |
|
Samsung now draws Apple iPad mini into patent infringement battle in US (23rd Nov, 2012) |
|
Walmart CFO, legal team suspended over bribery charge (23rd Nov, 2012) |
|
Sensex down 70 points; bank, PSU stocks plummet (23rd Nov, 2012) |
|
Bharti Walmart suspends CFO, 4 others in graft probe (23rd Nov, 2012) |
|
Russia to lift ban on British meat import (23rd Nov, 2012) |
|
Jobs |
Blog |
Yellow Pages |
Games |
Jokes |
Chat |
e-Cards |
Astrology |
Articles |
Recipes |
Send Gifts
Today : Saturday - May 25, 2013, 05:05pm (GMT+5.5)
