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Algoma Central Corporation

11:43 AM EST - Algoma Central Corporation : Announced that it has entered into a joint venture agreement with Nova Marine Holding SA of Luxembourg and its subsidiaries to create a specialized global fleet of cement carriers to support infrastructure projects world-wide. Algoma will own 50% of the joint venture, which is to be named NovaAlgoma Cement Carriers or NACC. Algoma Central Corporation
shares T.ALC are trading down $0.31 at $12.69.