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Aston Martin owner restricted to ‘minority stake’ sale

Two bidders are vying to buy a stake in the luxury car-maker, as revealed by Financial News, but any deal is likely to be smaller than 50% to avoid upsetting the company’s capital structure

The Kuwaiti owner of Aston Martin can only sell a “minority stake” in the luxury UK carmaker if it wants to avoid upsetting the company’s capital structure, according to two people familiar with the matter.

As reported by Financial News on Friday, The Investment Dar - a Kuwaiti finance house - is close to securing the sale of a stake in the business to Investindustrial, an Italian private equity firm. The Italian bid is facing competition from a rival offer from Mahindra & Mahindra, a Indian carmaker.

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