Drax Group in 2002. Many companies experienced financial problems, and Drax Power Station’s major customer went into administration, triggering financial difficulties for Drax. Following a series of standstill agreements with its creditors, the AES Corporation and Drax parted company in August 2003. During the restructuring, a number of bids were received from companies wishing to take a stake in the ownership of Drax, but creditors voted overwhelmingly to retain their interest in Drax. In December 2003, the restructuring was completed and Drax came under the ownership of a number of financial institutions. Almost exactly two years later, on 15 December 2005, Drax
Hugo Drax by the Soviets and SMERSH. Drax uses his knowledge of the impending disaster to play the stock market, planning to make a huge profit from his own terrorist act. Bond, with the help of female Special Branch agent Gala Brand, sabotages Drax's missile launch and changes the coordinates of the target back to the North Sea, where after the missile was launched Drax and his men had escaped so that they could watch as London was destroyed. In the event, the Soviet submarine carrying Drax is destroyed by the blast of the nuclear warhead. The novel involved the idea of