Interpool to Sell Containers Unit to Swiss Group

nterpool Inc. said Wednesday its container subsidiary has entered into an agreement to sell the majority of its cargo containers to a Swiss investor group for $515 million.

The sale involves a about 273,000 containers. The price is expected to result in an after-tax gain for Interpool of about $58 million to $62 million in the first quarter, the company said.

Interpool and its 50%-owned subsidiary, Container Applications International, will perform management services on behalf of the purchaser, and Interpool will continue leasing cargo containers and container chassis to shipping lines and other customers.