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Dubai's Largest Food Firm, IFFCO, Enters Provisional Liquidation
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Dubai's largest food company, IFFCO, is set to enter provisional liquidation after restructuring talks reached a stalemate, complicated by disputes among major shareholders and the Iran war. IFFCO has debts of US$2 billion, the Financial Times quoted sources as saying. A creditor group led by HSBC HOLDINGS (00005.HK) applied to the court in an attempt to take control of the group. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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