US container leasing company Triton International will buy its compatriot competitor Global Container International (GCI), according to a report by DynaLiners.
The transaction, including outstanding debt, is expected to exceed US$1 billion.
GCI, founded by container leasing veterans and an investment vehicle managed by Wafra, operates a fleet of approximately 500,000 TEUs, which will be added to Triton’s existing 7 million TEU fleet.
