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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.

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