Wednesday, 22 December 2010

Creditor panel formed for Kuwait's Investment Dar - Bloomberg

The Kuwaiti investment firm with a majority stake in automaker Aston Martin says a new committee representing its creditors in debt restructuring talks has been formed following a fallout with the previous panel.

The company, Investment Dar, said Wednesday the new committee includes four banks from the previous group: Jordan International Bank, ABC Islamic Bank, Lloyds TSB and al-Rajhi Bank.

It said two other lenders — the Islamic Development Bank and Bank of Bahrain and Kuwait — have been added to the new committee.

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