Independent journal on economy and transport policy
07:32 GMT+1
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The attempt by container renter CAI to divest part or all of the company has failed
Confirmed the intention to exit the rail and logistics sectors to focus on the core container business. Garcia's resignation
June 15, 2020
CAI International has specified that it has received several expressions of interest in the acquisition in recent months part of the company and that, however, given the current volatility and market instability, which - has CAI - has been highlighted by a number of bidders, none of the expressions of interest expressed judged in the best interests of the company's shareholders as - explained CAI - the Board of Directors concluded that all expressions of interest underestimated the company's value based on its assets, assets and its growth prospects.
However, the Board has confirmed its intention to exit the rail and logistics to focus on rail and logistics on the core container rental business.
The failure of the attempt to divest corporate assets it wasn't painless for the president and administrator company's ceo Victor Garcia, who resigned Resignation. Garcia joined CAI in November 2006 as a chief financial officer and senior vice president, to hire President and CEO in 2011. The advice of appointed Timothy Page as CEO and interim president of CAI, who is still looking a new permanent CEO.
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CAI International has specified that it has received several expressions of interest in the acquisition in recent months part of the company and that, however, given the current volatility and market instability, which - has CAI - has been highlighted by a number of bidders, none of the expressions of interest expressed judged in the best interests of the company's shareholders as - explained CAI - the Board of Directors concluded that all expressions of interest underestimated the company's value based on its assets, assets and its growth prospects.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
