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New owner wants to preserve traditional virtues of Danish Ship Finance

The shipping bank’s conservative strategy and close ties to Denmark must be maintained, says the new owner’s investment director.
”This is an industry that requires a huge amount of experience and knowledge of how global markets develop and how to regulate yourself accordingly,” says Ahmed Omar, investment director of Danish Ship Finance's new owner Magellan Capital Holdings Ltd. | Photo: Ingo Wagner/AP/Ritzau Scanpix
”This is an industry that requires a huge amount of experience and knowledge of how global markets develop and how to regulate yourself accordingly,” says Ahmed Omar, investment director of Danish Ship Finance's new owner Magellan Capital Holdings Ltd. | Photo: Ingo Wagner/AP/Ritzau Scanpix
by SEBASTIAN SCHLÜTER JACOBSEN

For the first time in the more than 70-year history of Danish Ship Finance (Danmarks Skibskredit), the shipping bank has passed into foreign hands with the sale to the Abu Dhabi-based investment company Magellan Capital Holdings Ltd. 

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