RTTNews | Jan 20, 2021 09:12AM EST

09:12 Wednesday, January 20, 2021 (RTTNews.com) - Textainer Group Holdings Limited (TGH) said that its wholly-owned subsidiary, Textainer Limited, acquired the 49.9% interest in TAP Funding Ltd. owned by TAP Ltd.

Textainer Limited owns 100% of TAP Funding, following the acquisition.

TAP Funding was a joint venture between Textainer Limited and TAP Ltd. TAP Funding owns about 80,000 intermodal shipping containers already managed by Textainer with a net book value of approximately $175 million.

Following the closing of the share purchase, Textainer wholly-owns approximately 89 percent of the containers in the company's fleet.

Read the original article on RTTNews ( https://www.rttnews.com/3161877/textainer-acquires-49-9-stake-in-tap-funding-quick-facts.aspx)

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