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Sovereign Wealth Funds Briefing - Categorized | Financials

Dubai World targets $19.4bln from asset sales

Posted on 26 August 2010

From Canoe.ca: Dubai World believes it can raise as much as $19.4 billion from selling key assets over eight years, or almost double the current price, if creditors back its restructuring, a document obtained by Reuters showed.
The struggling state-owned conglomerate, which needs to get creditors to agree to its proposal by Oct. 1 in order to go forward with the plan and clean up its balance sheet, thinks sales right now would generate a maximum of $10.4 billion, according to the document, which was obtained on Wednesday……………………………………….Full Article: Source


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