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Conglomerate Libra bets on upturn, ramps up purchases of boxships

Monday, December 15, 2014 - 05:50


GLOBAL conglomerate Libra is snapping up container ships, betting on a sector recovery and lower oil prices which will cut costs and boost profitability, the group's chief executive said.

Libra has proved adept at buying and selling assets since 2008 - making significant

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