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Monday, May 7, 2007
Kuwait Group announces that it has received offers to sell its stake in Aston Martin!
Posted by bs at 9:35 AMAnd get a load of this; Investment Dar said the offers are worth $720 million, about 50% more than what they
Investment Dar Executive Vice President Amr Abou El Seoud said in a statement to Reuters, "We're getting bids at a 50 percent profit”. However, Seoud added, "We have a plan and strategy that we would love to see implemented before thinking seriously about selling”. If the Kuwaiti holding company is speaking truth and its not some kind of a trick on their behalf, some people down at FoMoCo must be feeling pretty damn awkward. Via: Automotive News
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Labels: Aston Martin, Ford, Reports
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