Ontario Teachers' pension fund dips back into container world

North America

Monday, January 21, 2013

The Ontario Teachers' Pension Plan on Friday agreed to pay $467 million to buy a 100-percent stake in the container leasing firm SeaCube. It’s the second major splash the pension fund, one of Canada’s largest, has made in the container shipping industry. In 2006, the fund acquired several assets from OOCL Terminals in a $2.4 billion deal, which gave the fund control of two container terminals each in New York/New Jersey and Vancouver. SeaCube is reportedly the seventh ...

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