Shareholders of Kuwait's Global Investment House (GLOB.KW), which defaulted on most of its debt last year, will vote on a restructuring deal to transfer its main investments and real estate assets to two new units.
FINANCIALS
The vote will take place on Jan. 12, the company said on Thursday in a statement to the Kuwait bourse.
Global reached a deal with creditors this month to reschedule $1.7 billion in debt, and entered into new three-year facilities with each of its 53 lending banks. [ID:nGEE5B90V7]
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