Aston Martin stake hike talks denied by Investindustrial; no decision made about IPO
11 DEC 2017
Investindustrial has denied an Italian media report that it is negotiating an increased stake in the British car company Aston Martin, a newswire report said. A UK-based spokesperson for the Italian private equity firm said no such discussions are taking place, and it has not made any decision about a potential flotation of Aston Martin, Reuters reported.
The car company has been performing well of late, and as a result, none of its investors want to sell, according to the spokesperson. The company’s shareholders include its management, Germany-based Daimler [ETR:DAI] and a group of investors based in Kuwait, the report said.
Il Messaggero reported that advanced talks were taking place for Investindustrial to up its 37.5% stake to 50% before the year end, with an IPO planned for next summer.