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Belgian storage operator LBC Tank Terminals has sold its 70% share in its joint-venture Shanghai terminal to partner Cosco Shipping, a Chinese state-owned shipping and logistics services company. The deal was effective from Jun. 12, 2019. Financial terms were not disclosed. The Beijing-based group said the acquisition forms an important part of its strategy to develop its liquid cargo storage business and create synergies with its shipping operations.
Original Article: LBC Sells Shanghai Stake to CoscoNEXT ARTICLE
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Collaborations in biotechnology
Commercial and academic collaborations are used throughout the biotechnology and pharmaceutical sector to enhance research and product development. Collaborations can take the form of research and evaluation agreements, licensing, partnerships etc. ...
Mergers & Acquisitions
Commercial and market reports on mergers and acquisitions in the biotechnology, pharmaceutical, medical device and life-science industries. Mergers and acquisitions (abbreviated M&A;) is an aspect of corporate strategy, corporate finance and manageme...