OSX Taps State Fund for $1.7bn Shipyard

Dec 1, 2011

Brazil`s OSX will raise much of the $1.7bn required to build a new state-of-the art shipyard by tapping into the government supported Merchant Marine Fund, says Roberto Monteiro, the company’s CFO....

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management