Tuesday 19 April 2011

Dubai Group in talks to restructure $10bn debt - The National

Dubai Group is in talks with creditors to restructure US$10 billion (Dh36.72bn) of debt.

Sources close to Dubai Group said the company, a unit of Dubai Holding, aimed to restructure $6bn of bank debt alongside $4bn owed to other investors. That is $4bn more than previously announced.

Dubai Group declined to comment.

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