UPDATE 1-Kuwaiti creditor refuses Abraaj deal, could prompt provisional liquidation -sources | Reuters:
"A Kuwaiti creditor is refusing to agree to a debt settlement deal with Abraaj, which could push the private equity firm to seek provisional liquidation, three sources close to the matter told Reuters.
The refusal by Kuwait’s Public Institution for Social Security (PIFSS) to join other creditors in a debt freeze could complicate Abraaj’s efforts to sell its investment management business to New York-based Cerberus Capital Management, the sources said.
On Thursday a PIFSS legal notice was published in UAE daily The National, seeking liquidation of Abraaj and the appointment of FTI consulting as liquidators."
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