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Egyptian bank among Aston Martin bidders

From motoring.co.za| April 24,2007

Naeem Capital, a unit of an Egyptian investment bank, is among the companies that have made final bids fto buy Aston Martin from Ford.

Sources say Ford wants at least £450-million for the brand.

Naeem Capital, the private-equity arm of Naeem Holdings, to finance the acquisition through a transaction that complies with Islamic law which bans lending on interest.

"Naeem Capital is among the final bidders with their UK and US technical partners," an official said, adding Ford was expected to announce its decision "in coming days"

He declined to say how much Naeem had offered.

A Ford official has assured potential buyers that Aston Martin is financially sound and sold about 6500 cars in

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