The biggest investor in Aston Martin is considering buying another 3% stake, offering to increase its holding after shares in the luxury carmaker crashed almost 50% since its listing nine months ago. Strategic European Investment Group, part of the Italian private equity group Investindustrial, owns 31% of Aston Martin. It only wants to buy a maximum 3% stake but has to make an offer to all shareholders due to its already large holding.
Financial firms are advising, but an IPO sure worked for Ferrari
MV Agusta's debt restructuring in Italy might open the company to a larger takeover by Mercedes-Benz, which already holds 25 percent of the bike maker.
If you're a Ferrari fan and are looking for the place to plan your next vacation, Italy is surely the place to go. There's the headquarters, factory, museum and test track in Maranello, the new Enzo Ferrari Museum in neighboring Modena, and the circuit named for Enzo and Dino Ferrari in the nearby Bolognese suburb in <
Daimler and Aston Martin have been "in discussions" over various matters going back at least five years, when an engine-supply deal from the Germans to the Brits turned into rumors of Daimler looking to buy a piece of Aston Martin. Neither the engines nor the company stake every chang
Three weeks, ago Businessweek reported that Investment Dar, Inc. was looking to shed its majority stake in Aston Martin. The Kuwait-based financial firm is apparently seeking to restructure its debt load and has sought $800 million for its 64-percent share in the English automaker. That amount compares to the $925 million that it took for a consortium