Buyers rev up for pursuit of Jaguar and Land Rover

Leading private equity groups are jostling to get into pole position for the £3bn sale of Jaguar and Land Rover, two of the world's best known motoring brands.

Ford parked the two famous marques on the forecourt yesterday and appointed the investment bankers Goldman Sachs and Morgan Stanley to find buyers as soon as possible.

The US car giant is racked by heavy losses in its volume manufacturing business and desperate to hive off the luxury brands which it sees as a distraction.

Potential buyers include Alchemy Partners, Apollo, Cerberus Capital - which has just bought Chrysler - and Blackstone.

Read Full Article from Independent

- Posted: 2007-06-13 09:56:48

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