A big catch for Brookfield
Triton International, one of the world's largest global owners and lessors of intermodal containers, is about to be taken over by Brookfield Infrastructure Corporation and its institutional partners.
The global infrastructure company that owns and operates long-life assets in the utilities, transport, midstream and data sectors in North and South America, Asia Pacific and Europe, said that Triton would be acquired in a cash and stock transaction valuing the company's common equity at approximately USD 4.7 billion and reflecting a total enterprise value of around USD 13.3 billion.
Sam Pollock, CEO of Brookfield Infrastructure: "This transaction provides Brookfield Infrastructure with a high going-in cash yield, strong downside protection, and a platform for growth in the transportation and logistics sector." (lh)