GO
Loading...

Enter multiple symbols separated by commas

Mideast Funds Target Jaguar, Land Rover: Report

Middle Eastern investment funds are targeting Jaguar and Land Rover, the British luxury car brands that U.S. owner Ford Motor is considering selling, the Observer newspaper said on Sunday.

Abu Dhabi's Mubadala Development Company and Dubai International Capital have instructed financial advisers to drawn up plans for bidding for one or both companies, the newspaper said, without citing sources.

No one at the funds could immediately be reached.

Ford's president for the Americas said on Friday the company was "continuing to evaluate everything" with regard to Land Rover and Jaguar.

He declined to comment on whether it had received indications of interest from potential buyers.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Looking to the US market open

    CNBC's Dominic Chu looks at how the markets are likely to open tomorrow, following the Greek no vote.

  • Not gonna be pretty: Farr

    Peter Costa, Empire Executions offers his perspective on how the markets will react tomorrow. Michael Farr, Farr, Miller & Washington, weighs in.

  • Asia reacts to Greece

    Kaori Ejoji of CNBC Asia discusses how the Asian markets have reacted this morning to the Greek no vote.