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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.

Photo: Gøteborg Havn

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.

Gibson describes the transaction as a planned and amicable separation. EA Gibson CEO Nigel Richardson says in the statement:

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