Arabtec may struggle to meet the end of November deadline set by shareholders to formally submit liquidation plans to a court.
Creditors and banks awaiting details of Arabtec Holdings liquidation face mounting uncertainty after talks to unwind the company stalled. Earlier reports suggested the United Arab Emirates based contractor appointed AlixPartners to work on a debt restructuring plan. But in an e-mail statement, the firm denied involvement in the liquidation process: Please note we are not ap-pointed in the role described and will not be commenting as a result.
Discussions over the dissolution of Arabtec were postponed on two occasions following a September 30 meeting of shareholders that voted to dissolve the company after it …
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