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Shuaa Capital rescues Stanford Marine

UAE-based asset management and investment banking firm Shuaa Capital has completed a debt buyout of Stanford Marine Group’s (SMG) AED1.13bn ($308 million) facility. Shuaa said in a release that the restructuring transaction had helped save hundreds of jobs at the OSV specialist, Stanford Marine, as well as ensuring a number of vessels can continue to …

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UAE-based asset management and investment banking firm Shuaa Capital has completed a debt buyout of Stanford Marine Group’s (SMG) AED1.13bn ($308 million) facility. Shuaa said in a release that the restructuring transaction had helped save hundreds of jobs at the OSV specialist, Stanford Marine, as well as ensuring a number of vessels can continue to …

[post_title] => Shuaa Capital rescues Stanford Marine [post_excerpt] => UAE-based asset management and investment banking firm Shuaa Capital has completed a debt buyout of Stanford Marine Group’s (SMG) AED1.13bn ($308 million) facility. Shuaa said in a release that the restructuring transaction had helped save hundreds of ... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => shuaa-capital-rescues-stanford-marine [to_ping] => [pinged] => [post_modified] => 2021-01-12 02:40:00 [post_modified_gmt] => 2021-01-12 02:40:00 [post_content_filtered] => [post_parent] => 0 [guid] => https://splash247.com/?p=134133 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )