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(From Lloyds List)
FINNISH paper giant Stora Enso has used the sale of its 5.4% stake in compatriot and enforced marriage target Finnlines to snub its hostile Italian suitor Grimaldi, writes Jerry Frank.
The Helsinki group yesterday yesterday offloaded its 2.2m shares in Finland's largest shipping company at €16.06 a share for a total of € 35.48m ($41.5m).
Market sources said financier Deutsche Bank bought the ...