Investindustrial bids for Aston Martin

Italian GP Investindustrial has made an offer to acquire 50% of luxury sports car designer and manufacturer Aston Martin, according to reports.

The GP is reported to have made an offer of £200-250m to Aston Martin's current owner Investment Dar, a Kuwaiti investment house.

Indian car maker Mahindra has made a competing bid for the firm. A decision is expected early this week.

The bid for the UK-based luxury motor brand is in line with Investindustrial's experience in the sector. The GP sold Italian motorcycle firm Ducati to Audi AG for around €900m earlier this year, enjoying a 3x multiple on its investment.

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