By John Lee. UK-based heavy lifting company ALE has been acquired by Dutch company Mammoet BV. ALE has worked on several major projects in Iraq, including Kerbala Refinery, and the oil fields at Majnoon, West Qurna 1 and 2, and Zubair. ING acted as financial advisor to Mammoet. (Sources: ALE, Mammoet)
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Iraq Bondholders Eye Default Risk
By John Lee. The escalating conflict in Iraq is making holders of the country’s international debt nervous about repayment, according to a report from Reuters. The size of Iraq’s dollar debt is relatively small – a $2.7 billion bond launched in 2006 in a restructuring of Saddam Hussein-era commercial debt. It is held by investors […]