Turkeys Dou Holding has applied for the restructuring of a debt burden of approximately $5.8 billion, following the roughly $6 billion restructuring process begun by Yldz Holding earlier this year, Hürriyet newspaper said.
Dou chose neither to directly confirm nor deny the report in a statement in response:
We are naturally in continuous communication with all our stakeholders in the context of the process of harmonisation with changing global dynamics, the group, which has media, automotive, real estate, tourism, energy and retail arms, said.
To this end, our work with banks continues on its normal course as it has done to the present day; our activities taking and paying back project financing and syndication loans also contin…
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