Independent journal on economy and transport policy
02:49 GMT+2
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Completed the cession of GE SeaCo to HNA and Bravia
The society has a fleet of 870.000 container
December 16, 2011
Yesterday the fifth world-wide society of chartering container GE SeaCo and its branches enclosed American GE SeaCo America is passed under the property of Chinese group HNA and the society of private Bravia equities Capital of Hong Kong ( on 1° August 2011). GE SeaCo, previously participated jointly by General Electric Capital Corporation (GE Capital) and SeaCo Ltd., will be renamed Seaco SRL and the branch American Seaco America LLC.
HNA has specified that management of GE SeaCo., included the managing director David G Amble, will continue to guide also the Seaco new and that the transaction assigns a value to the society of about 2,5 billion dollars. "Our intention - the executive director of the Chinese group has declared, Tan Xiangdong - is to work with management in order to develop remarkablly this activity in the arc of next the 24 months".
The Seaco has a container fleet pairs to beyond 870.000 boxes from 20 ' (teu).
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