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Marubeni to Buy into World's Leading Open-Hatch Shipping Firm

Marubeni to Buy into World's Leading Open-Hatch Shipping Firm

   Tokyo, June 2 (Jiji Press)--Major Japanese trader Marubeni Corp. said Monday that it will invest in Gearbulk Holding AG, the world's biggest open-hatch shipping operator based in Switzerland.
   Marubeni will acquire Gearbulk shares from the Swiss firm's founding family, making it an equity-method affiliate. The amount of investment and the ownership ratio were not disclosed.

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AFP-JIJI PRESS NEWS JOURNAL


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