Deutsche unquote" August/September 2010

]The agreement will see DIC keep a 60% stake in the company, while senior loans are to be repaid at face value.

Distressed debt investor Oaktree Capital has dropped its opposition to DIC's proposal and will see its debt holding being bought out at a profit. Oaktree had sought to take control of Almatis through a debt-for-equity swap - it owns 46% of Almatis' senior debt, which it acquired at a substantial discount last year.

In the August/September issue of Deutsche unquote":

• The challenges of hiring top talent
• Terms & conditions
• European banking stress tests
• And more...

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