Argentina’s Southern Cross Buys Shipper Ultrapetrol, Clarin Says
Argentine private equity firm Southern Cross Group acquired a 78 percent stake in shipbuilder and river boat operator Ultrapetrol Ltd (ULTR), Clarin reported today, without saying how it got the information.
The firm owned by Argentine businessman Norberto Morita paid $220 million for the stake, the Buenos Aires-based newspaper said.
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