Independent journal on economy and transport policy
08:32 GMT+1
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the chartering societies container SUCH International and Triton announce the next fusion
the new Triton International Ltd. it will have a fleet of 4,8 million container
November 10, 2015
The American societies of intermodal chartering of container SUCH International and Triton International Container have announced the their next fusion, generated concentration that will create to the main world-wide operator of the field with a fleet of the consistency of 4,8 million teu, of which beyond 2,4 million currently operated from Triton and as much from SUCH, and annual revenues from the activity of chartering for 1,3 billion dollars, of which 600 million recorded from SUCH and 700 million from the Triton. The assets totals of the Triton are estimated 4,8 billion dollars and those of SUCH 4,4 billion dollars. The final agreement of fusion is approved of by the board of directors of both the companies.
The new society will be called Triton International Ltd. Currently SUCH International has headquarters to Purchase, in the State of New York, and registered office in the Delaware, while Triton International Container has operating center to San Francisco, in California, and registered office in the Bermudas, where will be domiciled also the registered office of the Triton new.
The shareholders of the Triton will possess 55% of the capital of the new company and the shareholders of SUCH 45%. The agreement previews that the shareholders of SUCH receive a common stock of Triton International for each action of SUCH in they possession let alone an extraordinary dividend of 0,54 dollars per.share to the completion of the transaction, that it is subject to the approval of the assembly of the shareholders of both the companies and that second the forecasts will be capacity to term in the first semester of the next year.
Currently Triton, that it is founded in 1980, is of property of Warburg Pincus and the Vestar Capital Partners and from a series of private investor between which members of management of the society.
Triton International Ltd. it will be quoted to the Stock exchange of New York. As a result of the fusion the president and managing director of SUCH International, Brian Sondey, will cover the charge of managing director of the Triton new, while the president and managing director of the current Triton, Simon Vernon, will be president of the new company. The financial director of SUCH, John Burns, will maintain the same assignment in the new society. After the conclusion of the fusion the chairman of the Triton, And Schneider, will go into retirement.
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The American societies of intermodal chartering of container SUCH International and Triton International Container have announced the their next fusion, generated concentration that will create to the main world-wide operator of the field with a fleet of the consistency of 4,8 million teu, of which beyond 2,4 million currently operated from Triton and as much from SUCH, and annual revenues from the activity of chartering for 1,3 billion dollars, of which 600 million recorded from SUCH and 700 million from the Triton. The assets totals of the Triton are estimated 4,8 billion dollars and those of SUCH 4,4 billion dollars. The final agreement of fusion is approved of by the board of directors of both the companies.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
