Kuwait's Investment Dar files for legal protection (AFP)

 

An Aston Martin Rapide is presented at the 63rd International Motor Show in the central German city of Frankfurt, September 2009. Investment Dar, the troubled Kuwaiti firm that owns half of luxury British carmaker Aston Martin, said on Saturday it has filed for legal protection under Kuwait's financial stability law.(AFP/DDP/File/Martin Oeser)AFP - Investment Dar, the troubled Kuwaiti firm that owns half of luxury British carmaker Aston Martin, said on Saturday it has filed for legal protection under Kuwait's financial stability law.

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  • Investment Dar, the troubled Kuwaiti firm that owns half of luxury British carmaker Aston Martin, said on Saturday it has filed for legal protection under Kuwait's financial stability law."Investment Dar announces today that it has started a process of legal protection under the terms of Kuwait?s Financial Stability Law," a company statement said.The company, which has debts of over three billion dollars, said the move aims at pushing through a debt restructuring plan that is backed by more than 80 percent of creditors but is opposed by a minority.

  • Reuters - Kuwait's Investment Dar , which owns half of British carmaker Aston Martin, is applying for support under a government facility set up for troubled companies as part of a debt-restructuring plan.

  • Kuwait's Investment Dar, the co-owner of British carmaker Aston Martin, said it has started a process of legal protection under the country's financial stability law to implement a restructuring plan.

  • Reuters - Kuwait's Investment Dar , which owns half of British carmaker Aston Martin, is applying for support under a government facility set up for troubled companies as part of a debt restructuring.

  • KUWAIT (Reuters) - Kuwait's Investment Dar , which owns half of British carmaker Aston Martin, is applying for support under a government facility set up for troubled companies as part of a debt-restructuring plan.

  • The Kuwaiti co-owner of Aston Martin, Investment Dar, will hold talks with creditors as it fights to avoid a fire sale of assets including its stake in the British luxury-car maker.

  • KUWAIT (Reuters) - Kuwait's Investment Dar , which owns half of British carmaker Aston Martin, is applying for support under a government facility set up for troubled companies as part of a debt restructuring.

  • KUWAIT CITY (AP) -- Kuwait's Global Investment House says most of its creditors have agreed to a restructuring plan, as the country's largest investment bank looks to resolve a $3 billion debt default....

  • Toyota has teamed up with British ultra-luxury carmaker Aston Martin to sell a version of the iQ city car, a car that is more than two feet shorter than a Mini Cooper.

  • A leading Kuwaiti firm charged with fraud in US army food supply contracts said on Thursday a new company has been appointed by the US military although it will continue for another six months.Public Warehousing Co. (PWC), also known as Agility, said in a statement on the Kuwait Stock Exchange website that the US Defence Logistics Agency (DLA) has appointed a new firm to manage the main supply contract for Kuwait and Iraq.

 
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