Thursday, October 15, 2009

Dubai World Said to Weigh Offering Equity to Reduce Debt Load

Oct. 15 (Bloomberg) -- Dubai World, the emirate-controlled holding company with about $60 billion of debt and other liabilities, may offer equity stakes in units such as developer Nakheel PJSC to creditors or neighboring Abu Dhabi to avert potential defaults, people briefed on the matter said.

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