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Dubai World, the state-owned conglomerate, reached a deal to restructure about $24.9 billion of liabilities.
Dubai’s government said that Dubai World reached an agreement with more than 99% of its creditors, Reuters reported. In a separate statement, Dubai World said it plans to close the restructuring in “the coming weeks.”
“The agreement formalizes a strong consensus about a fair…
Continue reading Dubai World Reaches Deal to Restructure $24.9 Billion of Liabilities
Dubai World Reaches Deal to Restructure $24.9 Billion of Liabilities originally appeared on DailyFinance on Fri, 10 Sep 2010 07:27:00.
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