UAE's IPIC in deal with Greece shipper Restis

Newswire

ABU DHABI, Feb 26 (Reuters) - Abu Dhabi's International Petroleum Investment Co (IPIC) said on Thursday it will invest in shipping, energy and transport projects with a subsidiary of Restis Group, Greece's fifth-largest shipper. IPIC said a non-binding agreement was signed on Feb. 23, but gave no financial details. "This is an exciting opportunity to combine IPIC's financial power and existing marine sector presence with the proven shipping sector expertise of Victor Restis and his ...

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