Last month we reported that Aston Martin could be up for sale as controlling shareholder, Investment Dar Co. which owns 64 per cent of the automaker is looking to sell their share of the company.
Investment Dar Co. has not sold their shares, but there is a new major shareholder now. European investment firm Investindustrial will be investing £150m in Aston Martin in the form of a capital increase for a 37.5 per cent stake in the company.
Andrea C. Bonomi, Senior Principal at Investindustrial, comments: “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.”
Investment Dar will continue as one of the major shareholders for now and it looks like earlier reports on the media were not true.
Adnan Al-Musallam Chairman & 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.”
Investindustrial is not new to the world of motors. Back in 2006 they bought Ducati which they sold earlier this year to Audi for approximately 860 million euros.
Aston Martin plans to invest more than half a billion pounds in its new product and technology programme over the next five years.