LITTLE ROCK — Aston Martin owner Investment Dar Co. has received competing bids from Investindustrial and Mahindra & Mahindra Ltd. for half the sports-car maker, three people familiar with the matter said Friday.
Investment Dar and other Kuwaiti investors who own Gaydon, U.K.-based Aston Martin may choose a winner as early as this weekend. The buyer will get the stake as part of a capital increase.
Investindustrial, a European private-equity fund based in London, offered just under $401 million, said the people. Indian automaker Mahindra then made a higher bid.
A decision would mark the end of a search by Investment Dar to find an investor for Aston Martin, the maker of luxury sports cars featured in James Bond movies.
Business, Pages 36 on 11/24/2012