Aston Martin Investindustrial Tie-Up Confirmed
Aston Martin confirmed that its partnership with Italian investment fund Investindustrial is complete.
The deal gives Aston Martin £150 million in a capital increase and Investindustrial a 37.5 percent stake in the company. Aston Martin’s headquarters will remain at Gaydon in Warwickshire, England.
That investment, Aston Martin said, underscores an investment of 500 million pounds (almost $780 million) over the next five years in new product development for the brand.
Details of the company’s first quarter will be released to bondholders later this month, but the brand said it is well positioned to implement its aggressive growth strategy after receiving support from Investment Dar and Adeem Investment and now Investindustrial — its biggest stakeholders.
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Luke is an energetic automotive journalist who spends his time covering industry news and crawling the internet for the latest breaking story. When he isn't in the office, Luke can be found obsessively browsing used car listings, drinking scotch at his favorite bar and dreaming of what to drive next, though the list grows a lot faster than his bank account. He's always on <A title="@lukevandezande on Twitter" href="http://twitter.com/lukevandezande">Twitter</A> looking for a good car conversation. Find Luke on <A title="@lukevandezande on Twitter" href="http://twitter.com/lukevandezande">Twitter</A> and <A title="Luke on Google+" href="http://plus.google.com/112531385961538774338?rel=author">Google+</A>.
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