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d’Amico International Shipping, through its operational subsidiary d’Amico Tankers DAC, acquired 100% control of Glenda International Shipping dac through the redemption of the shares held by Topley Corporation, part of the Glencore Group, in the JV, for a consideration of US $ 27.4 million. Prior to the transaction in question, Topley owned a 50% stake in Glenda International Shipping.