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German Berenberg acquires more shipping loans from Scotland

Germany's Berenberg, together with a Japanese financial  firm, has acquired more of the shipping portfolio at Royal Bank of Scotland, informs the bank.
by KATRINE GRØNVALD RAUN

German bank Berenberg has been actively buying into the shipping portfolio at the Royal Bank of Scotland which has for a long time tried to get rid of its shipping loans. Berenberg has, in cooperation with a Japanese financial firm, acquired shipping loans worth USD 460 million from RBS, states the bank.

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