Dar mulls sale of Aston Martin stake

Kuwait City, January 6, 2009

Kuwait's Investment Dar, the country's biggest Islamic investment firm, is in talks with a Saudi investor to sell up to 10 percent in British luxury car maker Aston Martin, a newspaper said.

Talks with the unidentified investor were in the early stages, Kuwaiti daily Al-Rai said in an unsourced report.

Investment Dar declined comment on the report on Tuesday.

Dar said in December it was studying offers to sell as much as 20 percent of the British car maker.

The newspaper also said Kuwait Finance House, the country's biggest Islamic lender, may buy Dar's 40 percent stake in a Bahraini lender that Dar set up to boost its banking activities.

Al-Rai also said Dar was in talks with an unidentified local bank and some Saudi investor to possibly buy up all the assets in which it holds a majority stake to cover liabilities. - Reuters

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