UAE Firm Hires Restructuring Expert for $2 Billion Debt Revamp

UAE Firm Hires Restructuring Expert for $2 Billion Debt Revamp

Abu Dhabi-based KBBO Group, once one of NMC Health Plc's biggest shareholders, has hired a turnaround specialist to restructure its $2 billion debt pile, people familiar with the matter said.The privately-held investment firm with assets in health care and food named Bruno Navarro as its chief restructuring officer, the people said, asking not to be identified because the matter is private.