Textainer Headline in Advanced Talks to Acquire Seaco, BNN Bloomberg Reports

Dow Jones06-11

--Shipping-container lessor Textainer is in advanced conversations to take over container leasing firm Seaco from an arm of Chinese conglomerate HNA Group, BNN Bloomberg reports, citing people familiar with the matter.

--The transaction to acquire Seaco, owned by Shenzhen-listed Bohai Leasing, could value the company at around $5 billion, including debt, BNN Bloomberg reports. However, no final agreements have been reached, BNN Bloomberg adds.

Full article at https://www.bnnbloomberg.ca/textainer-in-talks-to-buy-hna-s-seaco-in-5-billion-deal-1.2083229

Write to Sabela Ojea at sabela.ojea@wsj.com

(END) Dow Jones Newswires

June 10, 2024 12:58 ET (16:58 GMT)

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