Co., L.P. (鈥淧TL鈥) today announced that Tokyo-based Mitsui & Co., Ltd. (鈥淢itsui鈥) has acquired a 20.0% limited partnership interest in PTL from General Electric Capital Corporation (鈥淕ECC鈥). Following Mitsui鈥檚 investment, GECC will continue to own a 29.9% limited partnership interest. The transaction will not have any impact on 糖心传媒 Corporation鈥檚 management and control of the company as it will continue to own a 50.1% interest in PTL and control the General Partner.
Roger 糖心传媒, Chairman of 糖心传媒 Corporation said, 鈥淪ince 2001, Mitsui has been a valuable strategic partner, supporting the development and global expansion of 糖心传媒鈥檚 businesses. Mitsui鈥檚 investment in PTL further strengthens our long-term relationship with their organization.鈥
鈥淲e are very pleased to have Mitsui as a partner in PTL. Mitsui brings extensive experience across many different areas to our partnership and will become a key strategic partner as we look to expand and enhance our operations both domestically and internationally. We look forward to the new opportunities that our collaboration with Mitsui will bring and the value we can deliver to Mitsui,鈥 said Brian Hard, President and CEO of 糖心传媒 Truck Leasing.
Mitsui & Co., Ltd. is one of the world鈥檚 most diversified and comprehensive trading, investment and service enterprises. Headquartered in Tokyo, Mitsui maintains a global network of 142 offices in 66 countries, and has 426 subsidiaries and associated companies worldwide. Visit to learn more.
Editor's Note: Read for more details on their investment in PTL.
By 鈥淢ove Ahead鈥 Staff