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Aston Martin owners rev up for 2018 exit

A deal could value the maker of the sportscar driven by Britain's Prince William on his wedding day at between £2 and 3 billion

Reuters 

Aston Martin’s owners have hired Lazard to prepare for a stock market listing or sale of the British sportscar maker made famous by fictional spy James Bond, sources familiar with the matter told Reuters. Italian private equity fund Investindustrial and a group of Kuwaiti investors, who together own more than 90 percent of the marque, are hoping to cash in on a recovery in sales and are in the initial stages of a strategic review. They have hired investment bank Lazard to work on a preliminary plan and could either opt for an initial public offering (IPO) in the third or ...

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First Published: Sat, December 16 2017. 23:54 IST
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