Investment Dar seeking buyers for Aston Martin stake
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Investment Dar seeking buyers for Aston Martin stake

Investment Dar seeking buyers for Aston Martin stake

Kuwait's Investment Dar Co, Aston Martin's controlling shareholder, has approached potential buyers for the UK-based maker of luxury sports cars, Bloomberg has reported, citing five people with knowledge of the matter. The company, which owns 64% of Aston Martin, has hired Rothschild to advise on the sale, said one of the people. A sale has proven difficult because investors haven't been willing to match the price the Kuwaiti owner paid five years ago, said two of the people. Investment Dar has sought about $800m for its stake, one person said. Toyota Motor Corp hired an auditor to conduct a one-week study on buying a stake in Aston Martin, according to a person familiar with the matter. However, a representative at Investment Dar, who asked not to be named, denied the company is seeking to sell Aston Martin.

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