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.

Related UPI Stories
Latest Headlines
Trending Stories
American Apparel files for Chapter 11 bankruptcy
Womb transplants begin in U.K. after Sweden's success
Gay Vatican priest comes out day before Pope Francis begins synod on family issues
Scientists find roadmap that may lead to 'exercise pill'
Nobel Prize in medicine awarded to parasitic disease scientists