Aston Martin confirmed that the Investindustrial partnership previously announced in December 2012 has been completed. The Italian private equity fund, has signed a deal to buy a 37.5 per cent stake in Aston Martin, joining Kuwait’s Investment Dar, as the luxury car maker’s major investor and fending off competition from others like Indian car maker Mahindra&Mahindra. This deal brings £150m of investment in the form of a capital increase.
This is infact the same Italian firm which bought Ducati in 2006 and then sold it to Volkswagen’s Audi division early last year. The investment IN Aston Martin will be used for new product development programme of more than half a billion pounds over the next five years.
Aston Martin’s global headquarters will remain at Gaydon in Warwickshire.
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