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Investing

The Biz

Investing

It is said timing is everything, and the timing of this looks to be questionable…

Swedish based marine electronics company Nexus Marine AB, has announced that America’s Cup skipper Dean Barker and his business partner Richard Macalister have acquired a majority shareholding in the Stockholm company. The deal was struck through their investment arm, Barmac Holdings, with the balance of shares being held by investment Layline AB. Neither Barker nor Macalister will have any part in the day to day running of the company. Full story here.