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Italian firm acquires stake in Aston Martin

A major new investor has taken a large stake in luxury sports car maker Aston Martin.

07 December 2012

Italian firm Investindustrial has taken a large stake in car maker Aston Martin.

Business negotiations between the two have led to a 37.5 per cent stake being acquired by the buyer for a sum of £150 million.

Describing Aston Martin as a "quintessentially British" brand, senior principal at Investindustrial Andres Bonomi said: "We are looking forward to working with the management and Investment Dar to achieve a similar transformation and rejuvenation that we achieved with Ducati."

This will be achieved by expanding the range of models and boosting the worldwide dealership network, he added.

Aston Martin chairman David Richards said the new investment comes at a time when the company has just spent five years "laying the foundations for success" in the top-end market for sports cars.

Investindustrial is not the only Italian firm making a major investment in the automotive sector recently.

Last month, Fiat agreed a deal to take 100 per cent ownership of industrial and agricultural vehicles firm CNH Global.

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