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With this strategy, Hansa has roughly doubled its total assets and profits in each of the past four years.
ECONOMIST: Banking in the Baltics
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The Yemeni tugboat was captured on Sunday, a day after the 20, 000-tonne German container vessel, the Hansa Stavanger, was seized.
BBC: Somali pirates seize more vessels
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Gudmundsson is now liquidating his holding company, Hansa, and is searching for a buyer for his U.K. soccer team, West Ham.
FORBES: Up in Smoke
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Tom Roffey, the co-owner of Hansa Health Foods, said he was concerned about the effects of the new laws on his business.
BBC: Guernsey laws on health foods go out to consultation
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Earlier in October, the Hansa India, which sailed from Iran to Germany, fell under suspicion as it made its way to Syria.
CENTERFORSECURITYPOLICY: The mullahs' big week
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Hansa, which was built on the ruins of Tartu Commercial Bank, started life with a staff of 13, most of them in their twenties.
ECONOMIST: Banking in the Baltics
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And while it denies big near-term plans in Russia, Hansa does want to open a representative office there with massive potential for growth, but with equally massive dangers.
ECONOMIST: Banking in the Baltics
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Now, Hansa seems intent on becoming a regional banking powerhouse.
ECONOMIST: Banking in the Baltics
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The German ship Hansa Stavanger was among several pirated vessels trying to sail to the area some 300 miles off the Somali coast, a Somali journalist told CNN.
CNN: Source: Pirates repel sailors attempting to reach captain