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Singapore Containers

PIL completes restructuring after Heliconia lifeline

Temasek-linked Heliconia Capital has injected, as pledged, $600m in debt and equity into the beleaguered family-owned container shipping group. The deal is expected to see the founding family Teos cede equity control to Heliconia

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PIL has received $400m in new debt financing, in addition to a $200m equity injection

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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