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Investment Dar to consider selling ‘non-core assets’ in new plan

Posted on 17 March 2009

From Bloomberg: Investment Dar Co., the Kuwaiti financial services company that owns half of Aston Martin, said it may sell “non-core assets” to meet payments and reduce financial obligations.

“As part of the proposed plan, TID is seeking that its banks and investors would agree to a restructuring of the existing financial commitments under a new Shariah-compliant capital structure, without a reduction in TID’s overall obligations,” the company said today in an e-mailed statement. …. Full Article: Source

 
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