Aston Martin appears one tep closer to a change in ownership, with London-based Investindustrial SpA reportedly emerging as the most likely suitor.
This news follows a recent counter-bid from Indian giant Mahindra, which, according to Times of India, has now been withdrawn.
A new Bloomberg report suggests that Investindustrial’s bid is nearing approval, though a final agreement is yet to be signed.
The size and value of the stake involved remains unconfirmed, but previous reports have suggested Investindustrial has bid US$400 million (AU$381 million) for a 50 percent share in the British marque.
Current majority shareholder Investment Dar owns 64 percent of Aston Martin, this share costing US$800 million (AU$762 million) when it took control in 2007.
The report adds that Aston Martin’s current total worth has been valued at US$1.2 billion (AU$1.14 billion), including debts.
Investindustrial’s bid is said to include a technical partnership with Mercedes-Benz’ AMG performance arm - a deal that could help Aston compete with the likes of Ferrari and Lamborghini.