Almatis eyes new Chapter 11 plan

By Jessica Roberts
Published: Wednesday, 04 August 2010

Speciality alumina producer drops Oaktree proposal for new DIC offer

Germany’s 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...

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