Ford sells Aston Martin
13/03/2007
Michigan-based Ford Motor Company has entered into a definitive agreement to sell Aston Martin to a consortium comprising founder and chairman of Prodrive, David Richards, Aston Martin collector John Sinders and Kuwait-based investment companies Investment Dar and Adeem Investment Co. Ford will retain a £40 million ($77 million) stake in the company.
The sale is expected to close during the second quarter and is subject to customary closing conditions. The transaction values Aston Martin at £479 million ($925 million).
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