Canadian Pacific to Buy Central Maine & Quebec Railway From FTAI
November 20 2019 - 8:12PM
Dow Jones News
By Josh Beckerman
Canadian Pacific Railway Ltd. (CP.T, CP) has agreed to buy the
Central Maine & Quebec Railway from Fortress Transportation
& Infrastructure Investors LLC (FTAI), which "gives CP a true
coast-to-coast network across Canada."
Central Maine & Quebec owns 481 miles of rail lines. A press
release from the companies didn't state the deal price.
Fortress Transportation will retain ownership of Katahdin
Railcar Services and the contract to operate at a 12-mile branch
line in Ohio.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
November 20, 2019 19:57 ET (00:57 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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