facebook
twitter
search
search

Italian fund buying third of Aston Martin

Dec. 7, 2012 at 2:51 PM

MILAN, Italy, Dec. 7 (UPI) -- An investment fund in Italy said it had agreed to buy 37.5 percent of British luxury sports carmaker Aston Martin for $245.7 million.

The stake will be purchased by Andrea Bonomi's InvestIndustrial in a deal with Aston Martin's parent company, Kuwaiti investment group DAR, ANSA reported Friday.

InvestIndustrial is the group that sold motorcycle company Ducati to Audi in April, the news agency said.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Google apologizes for photo app that tagged black couple as 'gorillas'
E-2D aerial refueling capability passes CDR
Shell to tap new Gulf of Mexico oil
Norway: New reserves found in North Sea
Canada awards license for LNG exports to Asia