Dubai Group LLC, an investment company owned by the emirate’s ruler, is restructuring $10 billion of liabilities, up from an original estimate of $6 billion, two people with knowledge of the discussions said.
The $10 billion includes $6 billion of bank debt and $4 billion owed to other investors, according to the people, who declined to be identified because the information is private. Discussions are at an early stage and an agreement is several months away, one of the people said.
A spokesman for Dubai Group declined to comment.
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