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Sovereign Wealth Funds Briefing - Categorized | Financials

Dubai World starts direct talks with small creditors

Posted on 30 August 2010

From Bloomberg: Dubai World has started direct talks with creditors who are not part of the coordination committee of banks on its debt restructuring plan, Al Ittihad reported, citing people it didn’t identify.

Dubai World, which is seeking to alter the terms on $14.4 billion of bank debt, plans to get approval from all creditors to its plan to avoid lawsuits, the newspaper said…………………………………….Full Article: Source


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