Financial Times FT.com

Bankers make 'progress' in Dubai World debt talks

By Anousha Sakoui in London, Simeon Kerr in Dubai and,Andrew England

Published: March 11 2010 02:00 | Last updated: March 11 2010 02:00

Lenders to Dubai World may not have to incur any losses on the principal debt as a result of the conglomerate's $26bn restructuring, according to people close to the situation.

Representatives of Dubai World met some of its banks this week to discuss the outlines of a restructuring plan.

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