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Singapore's NOL to sell warehousing firm for $6.8 mln

Tue Jan 30, 2007 11:40pm EST

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SINGAPORE, Jan 31 (Reuters) - Neptune Orient Lines (NEPS.SI), the world's eighth-biggest container shipping firm, said on Wednesday it would sell its stake in Trident Districentre Pte. Ltd. to CWT Ltd. (CWTD.SI) for S$10.5 million ($6.8 million). State-controlled NOL said the sale of its 75 percent stake in the Singapore warehousing business was part of its strategy to pull out of non-core businesses.

((Reporting by Jan Dahinten, jan.dahinten@reuters.com, Reuters Messaging: jan.dahinten.reuters.com@reuters.net, +65 6870 3571))

($1=1.537 Singapore Dollar) Keywords: NOL SALE/

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