Saturday, October 11, 2008
Aston Martin to sell shares in the Middle East
Aston Martin, the sports carmaker controlled by Kuwait's Investment Dar, plans to sell shares in a new Middle East company, which could be later listed.
Ulrich Bez, chief executive of Aston Martin, would own a majority stake in the new company, while the rest of the shares would be sold to investors in the Gulf in a private placement worth 500 million dinars (£980m).
The new company, which will help revamp Aston Martin's operations in the Gulf, could be listed after three years depending on market regulations.
DATED: 11.10.08
FEED: AW
