Aston Martin says co not offered for sale; in talks to raise capital

Investment Dar has consistently denied that it is in talks to sell all of part of its stake in Aston Martin. Overdrive

"We are in conversation for an increase in capital, the company is not for sale and our existing shareholders, investment Dar, is very committed to Aston Martin," an Aston Martin spokeswoman told Reuters on Thursday.

The spokeswoman confirmed that Aston Martin third quarter presentation to the bondholders, published late on Wednesday, the talks as being "at an advanced stage".

The Indian group hopes right to strike a deal to buy up to half of Aston Martin by the end of this week, sources said on Tuesday, adding that the deal would probably be for an initial stake of 40 percent which could to 50 percent for a total price of approximately $ 400 million increase.

Investment Dar has consistently denied that it is in talks to sell all of part of its stake in Aston Martin.

Reuters

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