REPORT: Aston Martin Owner Investment Dar Looking To Sell Shares
Investment Dar Co. is looking to sell off their share in Aston Martin according to AutoNews. The company has reached out to potential buyers to get rid of their 64% stake in the company. Based in Kuwait, Investment Dar has hired Rothschild to advise on the sale. Rumor has it that Mahindra & Mahindra Ltd. is one of the potential buyers that was approached. Investment Dar bought Aston Martin from Ford Motor Company 5 years ago and they are looking to sell their stake for around $800 million. Investment Dar needs to raise cash to pay off some of their debt. If you like this article, you may also like Best Electric Cars of 2012.
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry