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 the Drax of the novel, he is implied to be French (as he was portrayed by French actor Michael Lonsdale), although this is never explicitly mentioned. Though Drax lives in California, he resides in a fully imported French château for which "every stone [was] brought from France" – Drax also supposedly owns the Eiffel Tower, but wasn't allowed to export it from France in a similar manner because the French government wouldn't issue him an export permit for it. Drax portrays himself as an accomplished pianist, as evidenced by his recital of Chopin's "Raindrop" Prelude in D-flat major (op. 28)