Abraaj lenders seek legal advice on options against Dubai firm - sources | Reuters:
"Lenders to Dubai-based private equity firm Abraaj are seeking advice from law firm Clifford Chance on potential action they could take against the firm as concerns grow about its ability to repay its debt, two sources close to the matter said. Abraaj, the Middle East and Africa’s biggest private equity fund, is experiencing cashflow pressures, said the sources, as it faces an investigation by some investors into how it used some of their money in a $1 billion healthcare fund. Abraaj, which has denied any wrongdoing, said in a statement emailed to Reuters it is working constructively with creditors to resolve outstanding obligations."
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