Aston Martin owner Investment Dar Co. has received competing bids from Investindustrial and Mahindra & Mahindra for half of the sports car maker, three people familiar with the matter told Bloomberg.
According to reports, Toyota and Mahindra & Mahindra want to acquire Aston Martin, and has sought $800 million for its 64-percent share in the English automaker.
The winning bidder will get 40 percent equity and 50 percent of the voting rights, while the rest will be retained by Investment Dar, other Kuwaiti investors and AM management.
Aston Martin's adjusted earnings before interest taxes, depreciation and amortization last year fell 18 percent to 76.2 million pounds, with deliveries steady at about 4,200 vehicles.
Sign up to receive email updates, daily news
& to hear what's going on with our company.
