15.09.2010 - Dubai World debt deal puts spotlight on Nakheel
From Reuters: State-owned conglomerate Dubai World's debt restructuring deal will hasten a similar deal for creditors of property developer Nakheel, analysts said, and acts as a precedent for other state-linked restructurings. Dubai World reached near-unanimous approval for its $24.9 billion debt plan, it said in a statement on Friday, but flagship property arm Nakheel NAKHD.UL, undergoing parallel negotiations, has yet to secure backing for its plan..............................................Full Article: Source
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