Tuesday, 5 June 2018

Dana Gas wins over creditors for sukuk restructuring plans

Dana Gas wins over creditors for sukuk restructuring plans:

"The Abu Dhabi-listed Dana Gas has won the support of its creditors to push forward with plans to restructure its $700 million sukuk after a lengthy legal battle. The Sharjah-based energy company has managed to secure 93.69 percent approval for the proposed restructuring terms, according to a filing on the Abu Dhabi bourse on Tuesday. It only required 75 percent approval to go ahead with its proposal."



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