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Global port majors in talks to buy Ocean Sparkle

Global port majors in talks to buy Ocean Sparkle
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Denmark´s Svitzer, Japan´s K Line and Australia´s Qube Logistics are among the strategic investors in talks with Hyderabad-based Ocean Sparkle to acquire a controlling stake in the company, in a deal valuing the Indian shipping firm about $450-500 million. The buyers have made nonbinding offers to acquire 74 per cent stake in the company.

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