Dana Gas eyes better 2013, rallies following debt agreement
Dana Gas, which defaulted in November, is ending the year on a more positive tone and looks set for a buoyant start to 2013. The Sharjah-based company saw its stock rally from 40 fils ($0.11) to 48 fils last week, after the company reached an agreement with creditors on December 10 over restructuring its outstanding $920m sukuk and issuing new securities.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: