LONDON Nov 29 British sports car maker Aston
Martin said it is in "advanced" talks with potential investors
over an injection of capital into the business.
Indian tractor maker Mahindra and Mahindra last
week topped an offer from Italian private equity fund
Investindustrial that had been agreed with Aston's owner,
Kuwaiti investment house Investment Dar, sources
"We are in talks for a capital increase, the company is not
for sale and our existing shareholders, Investment Dar, are very
much committed to Aston Martin," an Aston Martin spokeswoman
told Reuters on Thursday.
The spokeswoman confirmed that Aston Martin's third-quarter
presentation to bondholders, published late on Wednesday,
described the talks as being "at an advanced stage".
The Indian group hopes to strike a deal to buy up to half of
Aston Martin by the end of this week, sources said on Tuesday,
adding that the deal would likely be for an initial 40-percent
stake that could rise to 50 percent for a total price of around
Investment Dar has consistently denied it is in talks to
sell all of part of its stake in Aston Martin.