Aston Martin has reportedly been put up for sale by its Kuwaiti owners, and could be sold by the end of the month, reports have suggested.
The Financial Times has reported that Investment Dar, the current owner of the legendary British sports car manufacturer, is planning to sell a 50 per cent stake in Aston Martin, and has had bids from Indian car maker Mahindra & Mahindra and the European firm Invest Industrial.
Invest Industrial reportedly made a bid of between £200m and £250m for a 50 per cent stake in Aston, but the firm was outbid by Mahindra & Mahindra over the weekend. Invest Industrial is still the preferred option though, as partnership with the Italian company could forge a technical collaboration between Aston and Mercedes-Benz.
Aston Martin Boss Dr Ulrich Bez told Autocar last month that Aston Martin was not for sale, but did state that the British company was in need of a technical partner.
More information on the possible sale is likely to emerge later this week.
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