The Service of the Commission for the Protection of Competition received, according to Section 13 of the Control of Concentrations between Enterprises Law (Number 22(I)/99), a notification of a proposed concentration on behalf of the Ontario Teachers’ Pension Plan Board concerning the acquisition of SeaCube Container Leasing Ltd from the Ontario Teachers’ Pension Plan Board, through 2357575 Ontario Limited and SC Acquisitionco Ltd.
Ontario Teachers’ Pension Plan Board (OTPP) has no share capital and is established according to the Laws of Ontario, Canada. OTPP main activities concern the management and investment of pension and investment funds of teachers, active and retired, of Ontario Canada. Funds of the Plan have been invested in company shares, real estate, private partnerships and cooperations, fixed income investments, short term investments etc. The OTPP has invested in activities concerning the equipment of commercial laundries, real estate insurance companies, internet security solutions, sports equipment, software license services and baby products, conducted in the Republic of Cyprus.
SC Acquisitionco Ltd is an exempted company registered according to the Laws of Bermuda and it is a subsidiary of OTPP. SC Acquisitionco Ltd is a limited liability company registered according to the Laws of Ontario, Canada and is a subsidiary company of the 2357575 Ontario Ltd. Both SC Acquisitionco Ltd and 2357575 Ontario Ltd are “special purpose companies” that have been established for the purpose of this transaction.
SeaCube Container Leasing Ltd is a public company registered according to the Laws of Bermuda and it is listed in the New York Stock Exchange. It is active in the supply, management and lease of equipment used in the world trade of goods carried through containers via sea.
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