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Sovereign Wealth Funds Briefing - Categorized | Investment, Performance

Kuwaiti sovereign wealth fund battles to retain prized portfolio

Posted on 08 March 2010

From Efinancialnews.com: Kuwait’s Investment Dar revealed it may use the state-sponsored Financial Stability Law to retain its stakes in Aston Martin and other coveted assets, as the sovereign wealth fund struggles to convince nearly 20% of its creditors to drop their opposition to its five-year, Kwd1bn (€2.6bn) debt restructuring plan.

If unable to strike a pact with the dissenting lenders, Dar could be forced to divest its holding in the UK car maker which it acquired, alongside partners, for £479m (€531m) in 2007………………………………………..Full Article: Source


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