The head of JCB, the British-based construction machinery group, has abandoned his pursuit of Ford Motor Co.'s Jaguar division, the company said Monday.
Sir Anthony Bamford, chairman of the privately owned company, had signaled his interest in August,
"Sir Anthony had always expressed an interest in Jaguar alone and it appears that it is not for sale," said JCB spokesman Daniel Ward, confirming a report in Monday's Financial Times.
The newspaper quoted Bamford as saying that Ford was only interested in selling Jaguar together with the profitable Land Rover operation.
"I am not interested in buying the two together and am therefore not getting involved," the newspaper quoted him as saying.
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