UAE's KBBO Group appoints advisers for debt restructuring - Reuters:
KBBO Group, whose chairman is a significant shareholder in troubled hospital group NMC Health, said on Wednesday it had hired advisers to restructure outstanding liabilities.
The group has appointed Trussbridge Advisory and PwC Middle East as financial experts, while Hadef & Partners LLC and Cleary Gottlieb Steen and Hamilton LLP have been appointed as legal advisers, it said in a statement.
It did not disclose its outstanding debt.
“The Group has been challenged by its exposure to NMC in addition to the COVID-19 outbreak, which has impacted various operations,” it said, without detailing its exposure to NMC.
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