Almatis eyes new Chapter 11 plan
Published: Wednesday, 04 August 2010
Speciality alumina producer drops Oaktree proposal for new DIC offer
Almatis today received authority to enter into a new debt
restructure plan funded by parent company Dubai International
Capital (DIC), ending a year-long struggle with distressed debt
investor Oaktree Capital.
It is understood that Almatis will file for Chapter 11
bankruptcy later this week as part...