Middle East Economic Survey
VOL. LIII
No 44
1-Nov-2010
UAE
Dubai World Secures 100% Creditor Backing For Restructuring
Dubai World has secured 100% backing from its creditors to go forward with its $25bn debt restructuring plan, a spokesperson for the conglomerate confirmed to MEES. The restructuring plan, which was first presented to creditors in March, won the approval of over 99% of the conglomerates lenders by value in September (MEES, 13 September)The plan had been previously approved...
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