Lavery represents the Quebec Railway Corporation Inc. in sale of Railway Subsidiaries to CN and Logistec Corporation

November 1, 2008

On November 1, 2008, the Canadian National Railway Company acquired the three principal railway subsidiaries of the Quebec Railway Corporation Inc. and its rail-freight ferry operation for an aggregate purchase price of $C49.8 million. Prior to such transaction, Logistec Corporation and Logistec Stevedoring (Atlantic) Inc. acquired from the Quebec Railway Corporation Inc. all of the shares and inter-company debt of Sydney Coal Railway Inc. for an aggregate net cash disbursement estimated at $C11 million.

The Quebec Railway Corporation Inc. was represented in all the transactions by Lavery with a team led by André Vautour and that included Jean-Sébastien Desroches, Sarah Talpis-Guillet, Jamil Chammas (corporate) and Dominique Bélisle (financial services).

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