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Dubai World says private equity division will be unaffected by restructuring

1 Dec 2009

Middle Eastern state developer Dubai World has said that its restructuring measures will not affect private equity subsidiary Istithmar World. In a statement prompted by widespread speculation about how the government-owned company would address its $60bn debt load, Dubai World said that it plans to “immediately consider alternatives in respect of the debt obligations of certain entities within the group”, but that Istithmar would not be among them.

 

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