UAE – IFFCO Group has entered provisional liquidation following a significant shift in the company’s financial strategy as it moves to address an estimated US$2 billion debt burden through court-supervised restructuring.
The proceedings, initiated in the Isle of Man and Singapore, represent a proactive step by creditors to stabilize the conglomerate’s global operations and preserve the long-term value of its market-leading brands.
While IFFCO remains a cornerstone of the regional FMCG (Fast-Moving Consumer Goods) market, the group has faced mounting pressure to modernize its capital structure.
The appointment of FTI Consulting as provisional liquidators is intended to provide a stable legal framework, allowing the…