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Kuwait's Investment Dar may sell Aston Martin stake

16/12/2008 06:44:11 AM GMT   Comments ()     Add a comment     Print     E-mail
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(Sukuk.net) Kuwait's Investment Dar said that it is studying offers to sell up to 20 percent of british carmaker Aston Martin and seeking to borrow up to $1.1 billion from banks to refinance debt, Gulf News reported.

The Islamic investment firm, which bought half of Aston Martin in 2007, is studying offers to sell 10 to 20 percent in the british luxury carmaker, executive vice-president Amr Abou Al Seoud said.

He added that Dar could sell shares to the public in Aston Martin within three to five years.

Last month, Kuwait's central bank governor said the government has reached a deal with local banks to provide loans to investment firms hit by the global financial crisis.
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