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DIC, Oaktree tie up for Almatis debt
- United Arab Emirates: Saturday, July 04 - 2009 at 10:38
US debt investor Oaktree Capital has teamed up with Dubai International Capital, the owner of Almatis to secure control of the German aluminium company through a restructuring of its debt, Financial Times has reported. DIC and Oaktree would work together on a restructuring proposal to underwrite a capital injection and cut the company's roughly $1bn debt load.
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Medilyn Manibo, Assistant News EditorSaturday, July 04 - 2009 at 10:38 UAE local time (GMT+4)
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