Seaspan buys power solutions outfit

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Seaspan Corp has invested in a $750m transaction that will see Seaspan create a new parent company, Atlas, which will buy APR Energy Ltd, which delivers portable power plants. The deal effectively transforms Seaspan into a multi-sector asset management firm. “The deal also expands the partnership of Seaspan with Fairfax, which pumped a $500m investment into the containership company in January and which is the majority shareholder in APR after taking it private in 2016.

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