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2011 July 11   06:29

UCLH mulls sale of its shipbuilding assets

UCLH plans to decide the fate of its shipbuilding assets - Okskaya Shipyard and Nevsky Shipbuilding, Ship Repair Yard by the end of this year, a spokesperson for the Holding said Saturday.

Dmitry Baukov told of ongoing negotiations with United Shipbuilding Corporation over the shipbuilding assets buyout. UCL Holding decided to sell the non-core business to focus more on the stevedoring and transport sectors.

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