UK court overturns approval of German property group Adler's restructuring plan

LONDON (Reuters) - Adler Group SA's restructuring plan to prevent the embattled German property firm's collapse should not have been approved by a London court, the Court of Appeal ruled on Tuesday.

The plan - designed to help service external debts of approximately 6 billion euros ($6.5 billion) - was approved last year despite opposition from some bondholders.

But the Court of Appeal overturned that decision, allowing an appeal by a group of creditors.

($1 = 0.9187 euros)

(Reporting by Sam Tobin; Editing by Sachin Ravikumar)