January 6, 2009 / 6:36 AM / 11 years ago

Kuwait's Dar mulls Saudi Aston Martin deal

A worker cleans an Aston Martin V8 Vantage car ahead of the opening of the Grand Luxe exhibition in Brussels, October 30, 2008. REUTERS/Francois Lenoir

KUWAIT (Reuters) - Kuwait’s Investment Dar, the country’s biggest Islamic investment firm, is in talks with a Saudi investor to sell up to 10 percent in luxury car maker Aston Martin, a newspaper said on Tuesday.

Talks with the unidentified investor were in the early stages, Kuwaiti daily al-Rai said in an unsourced report.

Investment Dar declined comment on the report on Tuesday.

Dar said in December it was studying offers to sell as much as 20 percent of the British car maker.

The newspaper also said Kuwait Finance House, the country’s biggest Islamic lender, may buy Dar’s 40 percent stake in a Bahraini lender that Dar set up to boost its banking activities.

Rai also said Dar was in talks with an unidentified local bank and some Saudi investor to possibly buy up all the assets in which it holds a majority stake to cover liabilities.

Reporting by Ulf Laessing; Editing by Hans Peters

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