Aston Martin plans to invest $1 billion in new products and technology after Italian private equity fund Investindustrial agreed to buy a minority stake in the British luxury carmaker.
Investindustrial is buying 37.5 percent for $241 million via a capital increase agreed with majority Kuwaiti owner Investment Dar, Aston Martin said on Friday.
The Italian group beat Indian tractor maker Mahindra and Mahindra in a two-way battle to invest in the company, whose sports cars were made famous by their appearance in James Bond spy films
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