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German Lloyd Fonds to Start Bad Bank for Vessels, FTD Reports

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July 9 (Bloomberg) -- Germany’s Lloyd Fonds plans to place 16 of its ships in a so-called bad bank given the crisis in the shipping industry, Financial Times Deutschland reported today, without saying where it got the information.

To contact the reporter on this story: Niklas Magnusson in Hamburg at nmagnusson1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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