Aston Martin gears up for £4bn float with bank appointments
Tehran (KNA) - British luxury carmaker Aston Martin has signed up seven banks to prepare a £4bn stock market flotation that would rank among the City's most anticipated share sales for years.
company's shareholders have approved the appointment of Bank of America Merrill Lynch, Credit Suisse, HSBC and Unicredit to act as bookrunners on the prospective deal.
The quartet of banks will work with Deutsche Bank, Goldman Sachs and JPMorgan, which have won the prized roles of joint global co-ordinators on Aston Martin's initial public offering (IPO).
The recruitment of such an extensive syndicate of banks, which has been approved by Aston Martin's two Italian and Kuwaiti shareholders, is the clearest sign to date that the luxury car marque is pushing ahead with plans to go public.
The manufacturer of models such as the Vanquish S said in February that it was examining "a range of strategic options...including the potential for an IPO".
Source: NewsSky