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25 October 2020 The on-line newspaper devoted to the world of transports 03:23 GMT+1

October 5, 2020

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Original news
Britain's Wincanton sells off its assets in the segment containers to fellow maritime

Preliminary agreement for a sale worth 1.5 million pounds

The British logistics group Wincanton has signed a compatriot Maritime a preliminary agreement to sell her assets in the container segment, which would be sold 1.5 million pounds. The agreement provides that liabilities approximately 1.0 million pounds, mainly related to to the fleet of containers for hire, are transferred buyer.

Motivating the decision to divest the business, Wincanton explained that it's a business branch subject to a high volatility in demand and that the short duration of contracts differs from the main business model company. In addition, Wincanton specified that he believed that the container segment may require investments within next two years, resources that the company intends to allocate to sectors of the group's most valuable.

Wincanton has announced that the divestment will result in a group's annual turnover of around 60 million British pounds.

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