Shipbroker Gibson splits from owner

British shipbroker Gibson is separating from its parent company, stock-listed oil company Hunting, after working together for 120 years.

BY KATRINE GRØNVALD RAUN

After working together for 120 years, British shipbroker Gibson has decided to separate from its parent company, stock-listed oil service company Hunting, says the company in a statement. The split happens through a so-called management buyout in which management acquires the shares from the parent company or the owners.

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