LVMH Man Eyes Aston Martin

The FT carries an article on the activity of the Bernard Arnault and Albert Frère, two of Europe’s “most prominent” billionaires:

The two billionaires announced on Thursday that they were formally joining forces to create a joint investment structure involving Groupe Arnault, which is owned by Mr Arnault, and the Frère-controlled NPM/CNP.

A person close to the pair said: “They are looking at Aston Martin. It falls within the scope of their investment fund.”

Mr Arnault is the chairman, chief executive and controlling shareholder of LVMH

Billionaire duo eye Aston Martin - Financial Times - MSNBC.com