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A contianer ship prepares to pass underneath the Lions Gate Bridge on its way from Vancouver to China. (Rafal Gerszak For The Globe and Mail)
A contianer ship prepares to pass underneath the Lions Gate Bridge on its way from Vancouver to China. (Rafal Gerszak For The Globe and Mail)

Ontario Teachers acquires SeaCube Container Leasing Add to ...

Ontario Teachers’ Pension Plan said Wednesday it has closed the purchase of SeaCube Container Leasing Ltd. in a deal valued at $1.8-billion (U.S.), including assumed debt.

SeaCube managers and leases containers used for shipping around the world.

Teachers paid $23 per share in cash for the company.

The pension fund manager said it plans to operate SeaCube as a stand-alone business operation with the current management team remaining in place.

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Teachers invests the pension fund assets and administers the pensions of 303,000 active and retired teachers in Ontario.

 

 
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