Containership owner Seaspan Corporation does not rule out acquiring a smaller non-operating rival owner, but says its main focus is on “deleveraging the balance sheet and moving towards investment grade”.
In June, Fairfax Financial Holdings pledged a further $500m investment in Seaspan bringing its stake in the NYSE-listed company to $1bn.
Speculation has been rife that Seaspan was compiling a war chest for the acquisition of one of its weaker rivals.
But in its …

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Source: The Loadstar