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Cosco Shareholders Greenlight $1.2B CIMC Stake Sale

By Natalie Rodriguez ( June 13, 2013, 2:01 PM EDT) -- Cosco Pacific Ltd. shareholders Thursday approved a deal to sell a $1.2 billion minority stake in China International Marine Containers Group Co. Ltd. to an investment firm, refocusing the Hong Kong company on its terminal and container leasing businesses, according to investor documents....

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