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Sovereign Wealth Funds Briefing - Categorized | Financials

Dubai World on verge of presenting debt proposal

Posted on 22 February 2010

From Timesonline.co.uk: Dubai World will present its banks with a restructuring proposal for its $22 billion (£13.5 billion) debts by the end of next month.

An insider close to the Dubai Government said that the struggling state-owned conglomerate will finalise a complete valuation of the group’s assets by the end of February and will have a restructuring offer on the table within the following four weeks…………………..Full Article: Source


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