Sunday 25 January 2009

Dar appoints Credit Suisse as adviser

Kuwaiti Islamic firm Investment Dar, which owns half of British luxury carmaker Aston Martin, said on Sunday it has appointed Credit Suisse as its financial adviser.

Dar said in December it was seeking to borrow up to $1 billion to refinance debt and was considering offers to sell up to 20 percent of Aston Martin.

Investment Dar will work with Credit Suisse "to consider the options available to us in this market", chairman Adnan Al-Musallam said in a statement.

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