Monday 10 May 2010

Dubai Holding advisers engaged

FT.com / Companies / Africa - Dubai Holding advisers engaged


Various companies that make up Dubai Holding, a conglomerate owned by the emirate's ruler, have engaged advisers ahead of a potential multibillion-dollar debt restructuring.

The investment arms Dubai International Capital, Dubai Group and the nonfinancial Dubai Holding Commercial Operations Group have engaged Deloitte, KPMG and PWC respectively, according to people with knowledge of the situation.

Investment bank Lazard is also advising Dubai International Capital and Dubai Group.

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