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Mideast Funds Target Jaguar, Land Rover -Paper - ASHARQ AL-AWSAT English Archive
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LONDON,(Reuters)- Middle Eastern investment funds are targeting Jaguar and Land Rover, the British luxury car brands that U.S. owner Ford Motor Co. is considering selling, the Observer newspaper said on Sunday.

Abu Dhabi’s Mubadala Development Company and Dubai International Capital have instructed financial advisers to drawn up plans for bidding for one or both companies, the newspaper said, without citing sources.

No one at the funds could immediately be reached.

Ford’s president for the Americas said on Friday the company was “continuing to evaluate everything” with regard to Land Rover and Jaguar.

He declined to comment on whether it had received indications of interest from potential buyers.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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