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China's shipping groups in merger talks - source

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Published Tue, Aug 11, 2015 · 09:50 PM

Shanghai

CHINA Ocean Shipping (Group) Company (Cosco) and China Shipping Group, two of the country's largest shipping firms, are in talks over a possible merger, a source with direct knowledge of the matter said.

"The idea (of a possible merger) exists," said the source who spoke on condition of anonymity. "The matter is being discussed."

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