Tatas are set to be named on Friday the top choice for buying the US auto giant Ford's iconic British brands Jaguar and Land Rover, according to a media report in London .
"The group has had its 1-billion pound bid accepted by Ford... the firm has beaten off competition from rival Indian firm Mahindra and Mahindra and private equity group One Equity Partners,"
Birmingham Post reported on Thursday.
The report quoted unnamed sources at Land Rover as saying, "It is definitely Tata. There is one final meeting and so long as there is no last minute hitches, which are not expected, then an announcement will be made on Friday." The final details would be worked out in the next six weeks, it added.
The report also quoted a union official as saying that Mahindra's bid fell flat because of links to a private equity firm as the Indian firm was working with Apollo.
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