OTPP-owned GCT Global Container Terminals exploring options: Reuters
GCT Global Container Terminals Inc, a North American operator of four marine container terminals which could be valued at more than US$4 billion, including debt, has hired investment banks to review its options, sources told Reuters. Ontario Teachers' Pension Plan (OTPP), the owner of GCT, has asked Macquarie Group Ltd and Canadian Imperial Bank of Commerce (CIBC) to examine several potential transactions involving the company, including the sale of a significant equity stake, the sources said. OTPP, which has owned Vancouver-based GCT for a decade, is in the preliminary stages of its deliberations, and there is no certainty that any deal will occur.
23 September 2016•2 mins read
