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23 September 2020 The on-line newspaper devoted to the world of transports 02:47 GMT+2

November 27, 2000

ABP close to selling Red Funnel

By Andrea Felsted

Associated British Ports, the UK's largest ports group, is close to the sale of Red Funnel Group, the ferry and towage concern, to a financial buyer.

ABP is understood to have entered into exclusive negotiations with a preferred bidder, although another financial buyer is still thought to be interested.

The sale is expected to raise £60m ......
Read more on Financial Times

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