Arnault and Frère looking at Aston Martin ?

posted: Friday 20 October 2006 by Luca in: Aston Martin

Aston Martin Vanquish S

It seems that billionaires Bernard Arnault and Albert Frère are looking into making a joint bid on Aston Martin, according to the Financial Times.

Arnault is the first shareholder and CEO in LVMH (Louis Vuitton - Moët Hennessy), one of the world’s biggest luxury goods groups, while Frère is chairman of Groupe Bruxelles Lambert.

Aston Martin will be sold at an auction which is being managed by UBS. At the moment the swiss bank is soliciting bids from prospective buyers.

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