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Prodrive sells 40 per cent stake
18 November 2008
Kuwaiti investors partly responsible for the takeover of Aston Martin have bought a 40 per cent stake in Prodrive.
The Investment Dar Company (TID) has been working alongside Prodrive owner David Richards since forming a consortium to take control of Aston Martin from Ford in 2007.
“Through Aston Martin, I have worked closely with TID for the last two years,” said Richards. “As a result TID has also gained a great insight into Prodrive’s expertise and our culture. They very much share our vision for the business and the passion for what we do.”
Richards has retained a majority shareholding in the company, but TID’s Mahmoud Samy will join the Prodrive board.
George Barrow
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