11.03.2013 - Aston Martin owner to sell Bahrain Bank stake on debt revamp
Investment Dar Co., the controlling shareholder in British luxury carmaker Aston Martin, agreed to sell its stake in a loss-making Bahraini bank for $92 million as the Kuwaiti company restructures debt. Investment Dar accepted an offer from National Bank of Bahrain and a state-run Social Insurance Organization Asset Management Co. to sell its 51.6 percent stake, or 484 million shares, in Bahrain Islamic Bank at 72 fils apiece, according to statements posted on the Bahrain Bourse. National Bank of Bahrain (NBB) and Social Insurance will hold 25.8 percent each after obtaining regulatory approvals...............................................Full Article: Source
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