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Islamic Finance Briefing - Categorized | Finance, Market Moves more

Dubai World is pressured to sell assets

Posted on 08 December 2009

From Nytimes.com: As Dubai World and its creditors steel themselves for weeks of tough negotiations over the conglomerate’s debt, some foreign investors say they have enough support to force the company into a default and lay claim to its most prized assets.

This go-for-broke strategy is being led by QVT, an $8.5 billion activist fund with a reputation for taking leading roles in complicated bankruptcy-driven situations……………………………..Full Article: Source

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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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