NEWS: Investment Firm Looks to Sell Its Half of Aston Martin

December 15, 2008
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What to buy the Aston enthusiast who has everything? If you have the necessary scratch, the answer could simply be Aston Martin itself.
DAR, the Kuwaiti investment firm that teamed with Prodrive to purchase Aston from Ford Motor Company in 2007, is reportedly looking to part with ten or twenty percent of its stake in the firm. Amr Abou El-Seoud, vice president of the DAR firm, told Autocar that it wasn't looking to "sell and exit" Aston Martin altogether, but to simply reduce its investment in the company. As it is, Autocar reports DAR is looking to borrow nearly $1 billion to refinance its own debt. El-Seoud noted in the interview that there is a "sixty to seventy percent chance that [DAR] will reach a deal soon." Of course, there's no word on any interested parties, but some suggest it could be none other than Daimler AG. Reports surfaced earlier this year that Mercedes and Aston could pair up on a number of products, including a new Maybach and the revival of the Lagonda marque. Source: Autocar
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