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August 5, 2022
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- Atlas Corp. (Seaspan and APR Energy) received a proposal
takeover
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- It was put forward by a consortium formed by ONE and
by Atlas' largest shareholders
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 The British Atlas Corp., holding company that holds the entire capital
of seaspan corporation, a company that owns a fleet of
132 container ships chartered and orders in progress
for another 67 new container ships, and which owns the entire capital
of APR Energy, a company active in the power plant segment
mobile energy, announced that he had received a proposal
purchase from Poseidon Acquisition Corp., a consortium made up of
affiliates of the Canadian financial company Fairfax Financial Holdings and
affiliates of the US group Washington, which are the main
shareholders of Atlas Corp. itself with shareholdings
43.2% and 19.4% respectively (through Dennis R.
Washington). The consortium also includes David Sokol, president
of the board of directors of Atlas Corp., and Ocean
Network Express (ONE), the containerized shipping company
of Singapore consisting of the Japanese Mitsui O.S.K. Lines (MOL),
Nippon Yusen Kaisha (NYK) and Kawasaki Kisen Kaisha ("K"
Line) which hold 31%, 38% and 31% of the
capital.-
- The proposal, which is not binding, provides for two mandatory
conditions: that the acquisition is recommended and approved by a
dedicated committee of independent directors of the board of directors of
administration and that it is approved by the holders of the majority
of the company's circulating ordinary shares not owned
by the consortium.
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- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
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