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Conglomerate Libra bets on upturn, ramps up purchases of boxships
Published Sun, Dec 14, 2014 · 09:50 PM
London
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 returns on investments.
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