The rental company GE containers SEAC 50:50 joint venture between GE Capital and Seac Ltd., will be acquired by the Chinese group HNA Group Co. Ltd. (HNA), which operates primarily in the aviation and logistics, and Bravia Capital private equity firm in Hong Kong. The agreement announced today provides that in addition to the HNA and Bravia acquire GE Seac also fleets of containers owned by GE and Seac Ltd. (Genstar) that are managed by GE SEAC.
The transaction has a value of 1.0487 billion dollars. Including the value of the sale of their container fleet, the GE group will be approximately $ 500 million and Seac some 528 million dollars.
Currently the fleet of GE SEAC has a consistency of more than 870,000 20 'containers (TEUs). The company was founded in 1998 by General Electric Capital Corporation (GE Capital) and from Sea Containers (of 20 March 1998). Following the reorganization of Sea Containers in Chapter 11 of U.S. bankruptcy law was established in Seac which they were transferred to the container rental business of Sea Containers and GE's 50% stake in Seac ( of 13 February 2009)
HNA and Bravia Capital pointed out that after the acquisition, GE will continue to be guided by the SEAC management. "This acquisition - said the director of HNA, Adam Tan - fits perfectly in the HNA strategic plans to grow our business rapidly and transport logistics. Currently our company owns and operates the fourth largest port in China, a fleet of 30 container ships and a division of investment in containerized shipping. "
HNA and Bravia Capital emphasized that their intention is to grow significantly over Seac GE 18-24 months from the date of acquisition.
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The rental company GE containers SEAC 50:50 joint venture between GE Capital and Seac Ltd., will be acquired by the Chinese group HNA Group Co. Ltd. (HNA), which operates primarily in the aviation and logistics, and Bravia Capital private equity firm in Hong Kong. The agreement announced today provides that in addition to the HNA and Bravia acquire GE Seac also fleets of containers owned by GE and Seac Ltd. (Genstar) that are managed by GE SEAC. 
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- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
