Naeem Capital, part of an Egyptian investment bank, is among companies that have made final bids for Ford’s Aston Martin business, a Naeem Capital official was quoted as saying on Tuesday.
The US carmaker will gain more than GBP450m ($US880m) for Aston Martin, sources familiar with the matter told Reuters on 6 February.
Naeem Capital, the private equity arm of Naeem Holding, plans partly to finance the acquisition through a transaction that complies with Islamic law, which bans lending on interest, the official, who asked not to be named, told the news agency.
“Naeem Capital is among the final bidders with their UK and US technical partners,” the official told Reuters, adding Ford was expected to announce its decision in the coming days.
The official reportedly declined to say how much Naeem had offered.
UK-based private equity firm Doughty Hanson and Syrian-born property tycoon Simon Halabi submitted second-round offers for Aston Martin in an auction being run by investment bank UBS, the sources told Reuters earlier this month.