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Kvaerner lifts Amec stake

Friday 01 December 1995 19:02 EST
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Kvaerner lifts Amec stake

Kvaerner has lifted its stake in the UK contractor Amec by another 1.1 per cent, taking its holding to 18.1 per cent. The Norwegian company is on Monday expected to release the terms of offer for the preference shares, which analysts now believe will involve some sort of loan note.

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