DIC launches sale of German aluminium group AlmatisDubai International Capital (DIC) is launching the sale of German alumina products maker Almatis as the fund seeks to reduce its liabilities in the wake of a debt restructuring, three people familiar with the deal said. DIC has ma More… |
Oaktree makes 'confidential' offer to AlmatisOaktree Capital is willing to give up its fight for control of Almatis, a bankrupt aluminum maker owned by Dubai International Capital (DIC), for full payment of its loans and an end to threatened legal action, according to a 'confidential' More… |
Dubai firm presents new Almatis planFinancial investment firm Dubai International Capital (DIC) has presented a new refinancing plan for German aluminium company Almatis to a US court that would allow DIC to keep control of Almatis. The plan would derail a competing plan by More… |
Dubai firm presents new Almatis planFinancial investment firm Dubai International Capital (DIC) has presented a new refinancing plan for German aluminium company Almatis to a US court that would allow DIC to keep control of Almatis. The plan would derail a competing plan by More… |
DlC proposes new plan for AlmatisBankrupt German aluminum maker Almatis is considering a new refinancing proposal from its owner Dubai International Capital (DIC), but Almatis senior debtholder Oaktree Capital Management urged the judge to stick to the original reorganization pla More… |
Almatis files for bankruptcy, rejects DIC proposalDebt-laden German aluminium firm Almatis filed for Chapter 11 protection in a US bankruptcy court, two days after its owner Dubai International Capital (DIC) urged the company's lenders not to rush into bankruptcy. Almatis, which has r More… |
DIC to contine Almatis debt revamp effortsPrivate equity fund Dubai International Capital (DIC) said it would continue to seek a refinancing of the debt of German aluminium firm Almatis despite an adverse Dutch court decision. "The decision by the Enterprise Cha More… |
UBS, ABC launch $970m loan for Dubai firmUBS Investment Bank and Arab Banking Corporation (ABC) have been mandated to arrange and underwrite a $970 million debt financing for Dubai International Capital’s acquisition of Germany’s Almatis. UBS is the global coordinator, mand More… |