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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

Dubai World will not give up on crown jewels

Posted on 03 December 2009

From Moneycontrol.com: Dubai World is looking to hold on to key revenue-generating assets including port operator DP World and its stake in Standard Chartered, but creditors may yet force it to part ways with prized entities.

The troubled state-controlled conglomerate on Monday shed some light on how it planned to restructure USD26 billion in debt, including through asset sales, in its first statement since requesting a delay in repaying billions in debt till May 2010……………………………Full Article: Source

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