DAR to vent portion of Aston Martin
By Andrew C., 30 Aug, 2010. 0 Comments
2011 Aston Martin Rapide
The owner of Aston Martin, DAR, is to vent portion of the iconic British brand. It is also trying to get a loan of up to $1 billion to get a new financing for its liabilities. The investment group has said it is contemplating offers for 10-20 per cent of the Aston marquee. It purchased fifty percent of Aston Martin last year. The firm was formerly owned by Ford. "We are not considering selling and exiting," said DAR vice-president Amr Abou El-Seoud. He added that a "maximum 10 to 20 percent of the company" might be taken out of all investors. "There is a 60 to 70 percent chance that we will reach a deal soon." Mercedes has been proposed as a likely shareholder. There is already an existing connection between the firms, seven percent stake in Daimler is own by the Kuwaiti Investment Authority.
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