Japan's K Line surrounded by sales rumors
Within a year, an aggressive hedge fund has bought up a 37 percent ownership share of K Line, fueling rumors that the Japanese carrier will be next in line to be engulfed in the consolidation wave hitting the container sector.
BY OLE ANDERSEN
The aggressive share acquisition by Effissimo Capital Management, a Singapore-based hedge fund, in Japanese container carrier K Line (Kawasaki Kisen) has fueled speculation in Japan that the carrier could be the next in line for the consolidation wave spreading across the container industry.
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