Three weeks, ago Businessweek reported that Investment Dar, Inc. was looking to shed its majority stake in Aston Martin. The Kuwait-based financial firm is apparently seeking to restructure its debt load and has sought $800 million for its 64-percent share in the English automaker. That amount compares to the $925 million that it took for a consortium, Investment Dar among them, to purchase 100-percent of Aston Martin from Ford in 2007.
- Frank Filipponio
- Sep 29, 2009
- Jonathon Ramsey
- May 12, 2009
Investment Dar, the Kuwaiti firm that owns part of Aston Martin, has reportedly defaulted on payment for a $100 million Islamic bond that was due on April 27. In the process, Bloomberg says it has become the first Persian Gulf company to default on an Islamic bond.
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