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Investment Dar, co-owner of Aston Martin, is restructuring
The Kuwaiti firm is trying to agree with banks to repay about $3.5 billion.
March 13, 2010 10:20 by kippreport
Kuwait’s Investment Dar, the co-owner of Aston Martin, has started a process of legal protection to implement a restructuring plan, according to the Wall Street Journal.
Investment Dar’s restructuring plan has been approved by more than 80 percent of its banks and investors. However, “a small minority of investors have continued to resist supporting the plan,” the firm said in a statement posted on its website late Friday.
The firm is trying to agree with banks to repay about $3.5 billion.