Group invests £150 million in Aston Martin
Luxury carmaker Aston Martin today announced that a new
shareholder is to invest £150 million in the firm, taking a stake
of 37.5%.
European investment group Investindustrial will become a major
shareholder in the business, based in Gaydon, Warwickshire.
Aston Martin said it was also receiving support from Kuwaiti
group Investment Dar.
The car firm's chairman, David Richards, said: "I am delighted
that Investindustrial has decided to become a major investor in
Aston Martin. With the support of the Investment Dar, we have made
substantial progress over the past five years in laying the
foundations for success as one of the world's leading luxury sports
car manufacturers.
"Investindustrial's new investment reflects and sustains the
unique position of Aston Martin within the industry. With this
partnership and the continued commitment of the Investment Dar, we
look forward to working with our shareholders as we realise our
vision and exciting future plans."
Andrea C Bonomi, senior principal at Investindustrial, said: "We
are delighted to form part of this iconic global, but
quintessentially British, brand. We are looking forward to working
with the management and Investment Dar to achieve a similar
transformation and rejuvenation that we achieved with Ducati, by
expanding the model range and strengthening the dealership network
throughout the world."
Adnan Al-Musallam, chairman and managing director of the
Investment Dar, said: "We welcome Investindustrial as new partners
in our collaboration with Aston Martin. With our continued
commitment and the support of Investindustrial, Aston Martin is in
a strong position to pursue its plans for development."
Aston Martin said it planned to invest half a billion pounds in
new products and technology over the next five years.
14/12/12
- Click here for more news from across the county...