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Islamic Finance Briefing - Categorized | Funds, Investment more

Dubai fund puts $88 mln into Doncasters of U.K

Posted on 09 November 2009

From Gulfbase.com: Dubai International Capital LLC put an extra 53 million pounds ($88 million) into Doncasters Group Ltd., a U.K. engineering company it owns, in return for an accord with banks to ease lending covenants, the London-based Times reported, without saying where it got the information.

Lenders had wanted Doncasters, which employs 5,000 people and makes components for Rolls-Royce Group Plc, to get as much as 200 million pounds, the newspaper said…………………………Full Article: Source

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