| Abu Dhabi's International Petroleum Investment Co (Ipic) is considering pulling out of a plan to help restructure 1Malaysia Development Bhd's debts, Singapore's Business Times (BT) reported. Citing a source, the paper said Ipic and its subsidiary, Aabar Investment, which signed an agreement last May to help 1MDB cut its debts by RM16 billion, are now having second thoughts about the plan.
BT said it was unclear what led Ipic to rethink the deal, but cited a report in the Gulf Times of "growing unease" in the Middle East in the wake of the 1MDB controversy, including the resignations of Aabar Investments' chairman Khadem al-Qubaisi and chief executive Mohamed Badawy al-Husseiny...............................................Full Article: Source |