Monday, November 29, 2010

Troubles at AM A-M's Financial Owner

The debt-saddled Kuwaiti Islamic investment firm that owns a majority stake in automaker Aston Martin blasted a committee representing its creditors of trying to "derail" restructuring talks, and said it accepted the committee's resignation.

The development, outlined in a statement e-mailed Monday from The Investment Dar, marks the latest hurdle in restructuring talks with a firm that was among Kuwait's most prominent investment houses.

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