Binladin’s Debt Restructuring Is About to Get More Scrutiny
- Saudi conglomerate working with Houlihan on turnaround plan
- Binladin bankruptcy would mark setback for government, banks
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A debt restructuring proposal designed to prevent the collapse of construction giant Saudi Binladin Group may face more scrutiny from creditors.
The lenders that want a bigger say in the process have held discussions with Rothschild & Co. and may decide to appoint the investment bank in the coming weeks, the people said, declining to be named because of the sensitivity of the matter.