It was reported that a part-owner of Aston Martin has refused to sell its company share. The Kuwaiti investment group Investment Dar that owns 90 percent of Aston Martin together with other investors in a group led by David Richards, has been seeking buyers to build up capital. Back in 2007, the group had to pay ?480 million for the stake in Aston Martin.
This time, however, the company has told creditors that it will sell ?600 million of assets in banking and industry in order to come up with its cash flow requirements. The company has currently ?2.4 billion in arrears The Kuwaiti investment group, which was began in 1994 by a group of Kuwaiti businessmen and shareholders, informed its lenders that its assets were currently valued at between ?2.9 billion and ?4.4 billion..
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