GE SeaCo bows out of Australia
NewsGeneral Finance Corp and its subsidiary Royal Wolf Trading Australia Pty Ltd have agreed to acquire the dry and refrigerated container assets of GE SeaCo Australia Pty Ltd for A$20M (US$18.4M).
Private equity manager Archer Capital has taken a major stake in Adelaide-based specialist container leasing company SCF Containers. The new partnership will facilitate the further expansion of SCF Containers International as one of Australia’s leading container leasing companies, the company said.
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