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Sovereign Wealth Funds Briefing - Categorized | Market

Dubai World asset sale nears, debt talks plod

Posted on 04 February 2010

From Reuters: State-owned conglomerate Dubai World, which is restructuring some $22 billion in debt repayments, has yet to arrive at a formal standstill agreement with its creditors.
The company rocked global markets on November 25 with plans to request a delay on repaying $26 billion in debt linked to its main property units Nakheel and Limitless World……………………………………Full Article: Source


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