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Aston Martin Still Contemplating IPO - Just British
The revival of the IPO market, when it comes, will give James Bond fans a chance to own a slice of British luxury car maker Aston Martin and could generate enough funds for the group to revive its famous Lagonda brand. “It’s clear that at some point investors holding equity in an independent company need to devise an exit, and this exit is an IPO that we will do when the time is right,” Chief Executive Ulrich Bez told Reuters on Tuesday. “Aston Martin is working on achieving a valuation comparable to a luxury goods maker.” Ford Motor Co (F.N) sold Aston Martin for 479 million pounds ($756 million) in March 2007, to a consortium led by David Richards — former Formula 1 Benetton and BAR racing boss — as well as two Kuwaiti funds. In an interview at the [...]