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Dubai World says no resolution sought in meeting with creditors

22 July 2010

Dubai World said it did not seek a resolution on restructuring the loans in a meeting with creditors in the emirate today. "Creditor banks will now have the opportunity to review the information provided before responding to the proposal," Dubai World said in a statement. "The company expects to complete the restructuring over the coming months." Dubai World added that 'as is customary at this stage of the process, this was an informational session and no resolution was sought in the meeting'.

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