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China's CIMC to buy Maersk's cold container business for $1.1bn

World's largest shipping box maker targets refrigerated market

CIMC said its leverage will increase 'slightly' after buying Maersk Container Industry. (Photos courtesy of CIMC and Maersk)

HONG KONG -- China International Marine Containers (Group), the world's largest maker of shipping containers, is set to expand its reach in refrigerated ones via a $1.08 billion deal with Danish conglomerate A.P. Moller-Maersk.

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