Drydocks World Sees $2.2 Billion Debt Restructuring by April
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Drydocks World LLC, the ship-repair unit owned by state-controlled Dubai World, expects to reach a deal on restructuring $2.2 billion of debt with creditor banks by the end of April, Chairman Khamis Jumaa Buamin said.
“We are in final discussions and that’s what we are hoping for,” Buamin said in a telephone interview from Dubai today. “We have not requested any support from the government.”