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AB PORTS SAILS TOWARDS £80m DISPOSAL
Ports operator Associated British Ports
is putting its Southampton-based Rjd
Funnel ferry business up for sale in a
movj which could fetch around £80m.
AB Ports bought the firm in 1989 for
£26.7m but is keen to sell non-core
assets to focus on ports and logistics.
Rjd Funnel, which also includes a road
distribution operation and catering
busiess, is forecast to deliver pre-tax
profits of £8.5m this year.
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