Wednesday, 4 March 2009

Kuwaitis consider sale of Aston Martin stake

Investment Dar, the Kuwaiti investment group, is considering selling a stake in Aston Martin, the luxury car maker it took over two years ago, as part of a debt restructuring.

The investment group has received several expressions of interest in a stake in Aston Martin as a part of the company’s plans to restructure its debt, according to people close to the situation.

In 2007, Investment Dar and its Kuwaiti investing partner Adeem Investments led a consortium of British and US investors in purchasing a majority stake in Aston Martin from Ford Motor for almost £500m.

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