Wed, Mar 4, 2015
A A A
Welcome preal121
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Dubai World sale of crown jewels seen as last option

Posted on 27 August 2010

From Reuters: Dubai World’s willingness to sell prized assets such as ports operator DP World to pay down its debt pile is considered such a drastic move that analysts see it more as a last-resort bargaining tactic.
Documents obtained by Reuters this week revealed the surprising news that the debt-laden conglomerate was willing to let go of “strategic assets” such as DP World, Jebel Ali Free Zone and Dubai Maritime City (DMC) as part of a $19.4-billion fundraising effort as it tries to reach a restructuring deal with creditors by October 1……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 15841 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
M T W T F S S
« Feb    
 1
2345678
9101112131415
16171819202122
23242526272829
3031