Investment Dar Co., the Kuwaiti financial services company that owns half of Aston Martin Lagonda Ltd., said the British luxury carmaker isn’t for sale.
“Aston Martin is a core asset in Investment Dar’s portfolio,” Amr Abou El Seoud, senior executive vice president, said today in a response to questions from Bloomberg News. “We are not looking to sell our stake in the company and are committed to continuing to work closely with Aston Martin’s management to develop the business.”
The Kuwaiti company, which controls 50 percent of Gaydon, England-based Aston Martin, said March 16 it may sell “non-core assets” as part of a strategy to focus on unspecified parts of its banking, real estate and luxury-goods operations. Ulrich Bez, chief executive officer of Aston Martin, said March 17 he didn’t expect an auction of the stake in the automaker.
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