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KWL buys another stevedore

Kingston-Wharves

KINGSTON Wharves Limited (KWL) bought a second stevedoring company in less than a year, making it the largest stevedore on the wharf.

It inked a deal to acquire Allied Trucking and Maritime Services for US$2.95 million ($319 million), subject to certain terms and conditions, on February 14.

The payment will take place over a three-year period, according to a letter from the cargo handler to the Jamaica Stock Exchange.

Published in the Jamaica Observer
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