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Triton and TAL merger will lead to world's largest intermodal container lessor
THE world's largest lessor of intermodal freight containers will be created with the merger of Triton Container International and TAL International Group which has been unanimously approved by the board of directors of both companies.
Both companies have entered into a definitive agreement under which the companies will combine in an all-stock merger of equals transaction, thus creating a new unit with a combined container fleet of nearly 5 million TEU and revenue earning assets of US$8.7 billion, the monitor daily reported.
Both companies have entered into a definitive agreement under which the companies will combine in an all-stock merger of equals transaction, thus creating a new unit with a combined container fleet of nearly 5 million TEU and revenue earning assets of US$8.7 billion, the monitor daily reported.
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