UPDATE 2-Kuwaiti creditor's refusal of Abraaj deal may prompt provisional liquidation -sources | Reuters:
"A Kuwaiti creditor’s refusal to agree to a debt settlement with Abraaj could push the private equity firm to seek provisional liquidation, three sources close to the matter told Reuters.
Kuwait’s Public Institution for Social Security (PIFSS) has refused to join other creditors in a debt freeze, complicating Abraaj’s efforts to sell its investment management business to New York-based Cerberus Capital Management, the sources said.
PIFSS said on Thursday that it filed a petition in the Grand Court of the Cayman Islands for the liquidation and winding up of Abraaj Holdings, which is registered there."
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