Mahindra Eyeing Stakes in Aston Martin?


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Just saw on news that M&M is looking for stake in British manufacturer Aston Martin, for an estimated 800 million dollars.
 
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Re: Is M&M eyeing a stake in Aston Martin??

Mukesh,

Its 800 million ( Divide 800 billion by 1000)

A kuwaiti company Investment Dar which is holding 64% stake in Aston Martin is planning to sell it off and they have approached several investers.

It is reported that Toyota is a possible buyer.

There are some sources which report that Mahindra is a possible candidate.

Investment Dar is desperate to sell its stakes as they are in need of funds to re arrange their huge debts and missing payments on an islamic bond.
 
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Re: Is M&M eyeing a stake in Aston Martin??

This is an very interesting piece of news, even though if Mahindra pick's up a controlling stake in Aston Martin it's product wont fit in with the image of Mahindra and moreover AM is a very niche player which means lower sales volume.
 
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Re: Is M&M eyeing a stake in Aston Martin??

I will be as a Indian extremely proud if this becomes TRUE .all the best mahindra.
 
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Re: Is M&M eyeing a stake in Aston Martin??

Found an article related to this topic

Aston Martin’s controlling shareholder, Investment Dar Co., has approached potential buyers for the maker of luxury sports cars featured in James Bond movies, said five people with knowledge of the matter.
The Kuwaiti company, which owns 64 percent of Gaydon, U.K.- based Aston Martin, has hired Rothschild to advise on the sale, said one of the people, who asked not to be identified because the talks are private. Mahindra & Mahindra Ltd. (MM), the Indian automaker, is among potential suitors Investment Dar has approached in recent few months, two of the people said.
Aston Martin Owner Said to Approach Suitors for Carmaker - Bloomberg
 
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Re: Is M&M eyeing a stake in Aston Martin??

Other than inflating their ego, I don't find any reason in going behind all these marques. Why can't M&M put their spare money to good use by investing in R&D or if they have no good opinion about Indian brains hire foreign scientists / engineers. And I am astonished to see that there are people who do take pride in all these saying Indians are taking over the world.
 
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Re: Is M&M eyeing a stake in Aston Martin??

http://www.theautomotiveindia.com/f...-valley-mahindras-new-r-d-center-chennai.html

M&m is very well pumping money in r&d . Owning or controlling stake in power brand can help them in their global aspirations.

TAI has a lot of info search engine is handy newbies must use it .

Opps trust me vinu( hope its fine to address you by your handle) I just observed you joined the forum in October 2012.
Btw does mahindra have its presence in Doha ?
 
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Re: Is M&M eyeing a stake in Aston Martin??

I will be as a Indian extremely proud if this becomes TRUE .all the best mahindra.
+1.

Other than inflating their ego, I don't find any reason in going behind all these marques. Why can't M&M put their spare money to good use by investing in R&D or if they have no good opinion about Indian brains hire foreign scientists / engineers. And I am astonished to see that there are people who do take pride in all these saying Indians are taking over the world.
Because some brands are priceless. Say, if China's Cherry spends 100 times money on R & D compared to Merc, it will never command respect of Merc.
Aston Martin, Jaguar, Merc, Rolls Royce. these are not mere cars, they are part of life for the owners. [:)]
 
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^^ Fantastic, if this happens, I am sure Brits will envy Tata & India.
Good to see journey from man who built Taj Hotel, Mumbai for Indians to current Tata who is buying out Brits. [clap]
 
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Investment Dar to Sell Half of Aston Martin

Investment Dar Co., Aston Martin’s owner, has received bids from Mahindra & Mahindra and Investindustrial for half the sports-car automaker.

Sources say that Investment Dar and the other investors in Aston Martin might take a decision about the selling as early as next week. The European Investindustrial, which is a private-equity fund based in London, offered around 250 million pounds ($401 million), but Indian automaker Mahindra offered a higher bid.

Investment Dar, is part of the group which bought Aston Martin from Ford in 2007 for 503 million pounds ($805 million). Selling part of the automaker will help the group pay off its debt. The company to win the bid will get 40% equity stake and 50% of the voting rights.

According to anonymous sources Investindustrial plans to use car parts and technology from AMG, the Mercedes-Benz unit that makes sports cars, and invest in Aston Martin’s existing models and add new ones to attract customers. Currently Aston Martin’s engine provider is Ford, but the sports car maker wasn’t allowed to access other resources after the sale.

Investment Dar to Sell Half of Aston Martin
 
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Aston Martin scores bids from Mahindra and UK equity house

Three weeks, ago Businessweek reported that Investment Dar, Inc. was looking to shed its majority stake in Aston Martin. The Kuwait-based financial firm is apparently seeking to restructure its debt load and has sought $800 million for its 64-percent share in the English automaker. That amount compares to the $925 million that it took for a consortium, Investment Dar among them, to purchase 100-percent of Aston Martin from Ford in 2007.

According to reports, bidding for the 64 percent hasn't gone anywhere near that price, however. Bloomberg (parent company of Businessweek) reports that London-based private equity house Investindustrial has made a bid of nearly 250 million pounds ($401 million U.S.), with their overture trumped shortly thereafter by Indian automaking conglomerate Mahindra & Mahindra. According to the report, a winner will be chosen from among those two companies, but instead of Investment Dar's entire 64-percent stake, the winner will get 40 percent equity and 50 percent of the voting rights. Investment Dar will hold onto 24 percent of Aston.

There's some confusion around some of the numbers, however. According to Financial News, though, the stake being offered is 50 percent and Investindustrial, even with a lower bid, might still be the favorite. Investindustrial bought Ducati in 2006, then sold it to Audi for a 300-percent gain in July of this year. Working with another German automaker this time around, it's said that Investindustrial has stressed its commitment to invest in new product, and both reports indicate that it has a tentative deal with Mercedes-Benz to provide Aston access to technology, engines, gearboxes and other parts from AMG. An announcement of the winning bidder could come as soon as this weekend.

Aston Martin scores bids from Mahindra and UK equity house
 

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