UAE’s KBBO appoints advisers to restructure debt

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Thu, 2020-07-02 01:12

DUBAI: KBBO Group, whose chairman is a significant shareholder in troubled hospital group NMC Health, said on Wednesday it had hired advisers to restructure outstanding liabilities.

The group has appointed Trussbridge Advisory and PwC Middle East as financial experts, while Hadef & Partners and Cleary Gottlieb Steen & Hamilton have been appointed as legal advisers, it said in a statement.

It did not disclose its outstanding debt.

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