Dubai Group's battered asset value flags pain for creditors

by admin on June 10, 2013

* Current market value of portfolio $1.5-2 bln – sources * Annual interest, operating costs near $80 mln – sources * Liaison committee appointed – CBQ, ENBD, Natixis, Mashreq * Restructuring deal expected by end June By David French DUBAI, June 10 (Reuters) – Investment firm Dubai Group's assets are worth just a fifth of its $10 billion of debt, sources involved in its restructuring said …

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