RusAl to reach agreement with foreign creditors
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Tuesday, 03 Nov 2009
It is reported that United Company RusAl has to reach agreement with its foreign creditors on USD 7.3 billion of debt by mid November if the company IPO is to proceed.
The debt standstill agreement which expires on Friday will be extended until mid-December in order for all the banks to reach agreement on Russia’s largest ever restructuring.
(Sourced from The Moscow Times)
