Billionaire Akhmetov's DTEK Wins Debt Payment Pause From Court

DTEK Energy BV, controlled by Ukrainian billionaire Rinat Akhmetov, won some legal breathing room as it seeks to avoid bankruptcy.

Chancellor Terence Etherton in London’s High Court ruled that the energy company may delay interest payments on $910 million of bonds due in 2018 until Oct. 28 as it negotiates a broader overhaul of its capital structure with creditors. A majority of bondholders agreed to the proposal, the company said in a statement on Monday.