Now Reading
Triton International Sold for $4.7bn

Triton International Sold for $4.7bn

Triton International, the world’s largest owner of containers, is being sold to Toronto-based Brookfield Infrastructure Partners for $4.7 billion.

“We believe this transaction provides an excellent outcome for all of Triton’s stakeholders,” commented Brian Sondey, CEO of Triton. He added that the sale represents a total shareholder return of approximately 700% since the 2016 merger of Triton and TAL International.

Sam Pollock, CEO of Brookfield Infrastructure said: “Triton is an attractive business with highly contracted and stable cash flows, strong margins and a track record of value creation. This transaction provides Brookfield Infrastructure with a high going-in cash yield, strong downside protection, and a platform for growth in the transportation and logistics sector. The transaction consideration also provides the opportunity for Triton shareholders to benefit from owning a globally diversified portfolio of infrastructure assets within a platform that has a proven history of generating long-term value for its shareholders.”

MMJ News Desk
Author: MMJ News Desk

View Comments (0)

Leave a Reply

Your email address will not be published.

© Maldives Maritime Journal. All Rights Reserved.