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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market

Dubai World says debt revamp plan “some time away”

Posted on 08 January 2010

From Reuters: Dubai World, the state- owned holding company seeking to restructure its debt, moved to quell speculation it could present its restructuring plans to creditors on Thursday, as reported by an Arabic-language newspaper.

“The story is erroneous. We are some time away from presenting a restructuring plan,” a spokesman said, adding that the next step in the discussions between the debt-laden company and its creditors would be to agree to a standstill…………………………………….Full Article: Source


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