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MaK Signs Letter Of Intent For Its Subsidiary

Maritime Activity Reports, Inc.

November 2, 1999

MaK Motoren GmbH & Co., a Caterpillar company, has signed a letter of intent for the sale of its marine sales and service subsidiary MaK Scandinavia to Geveke - the parent company of Geveke Power Systems - which represents Caterpillar in Norway, Sweden, Denmark and the Netherlands.

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