LPC-UAE's Drydocks gets 100% support for debt restructuring:
"Creditors to UAE shipbuilder Drydocks, a unit of conglomerate Dubai World, have given unanimous support to a restructuring plan which will see Dubai-based ports operator DP World take control of Drydocks, sources close to the situation said on Monday.
The deal is now set to close in January, one of the sources said.
On September 18, Dubai-based ports operator DP World agreed to take 100% control of Drydocks World in return for a capital injection of US$225m."
'via Blog this'
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