{"id":404874,"date":"2020-12-22T17:33:32","date_gmt":"2020-12-22T22:33:32","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=404874"},"modified":"2020-12-22T17:33:32","modified_gmt":"2020-12-22T22:33:32","slug":"cp-completes-acquisition-of-detroit-river-rail-tunnel","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cp-completes-acquisition-of-detroit-river-rail-tunnel\/","title":{"rendered":"CP completes acquisition of Detroit River Rail Tunnel"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n CALGARY<\/span>, Dec. 22, 2020<\/span> \/PRNewswire\/ – Canadian Pacific (TSX: CP) (NYSE: CP) announced today it has completed its previously announced agreement to purchase an 83.5 percent stake in the Detroit River Rail Tunnel from certain affiliates of OMERS, the defined benefit pension plan for municipal employees in the province of Ontario<\/span>. CP previously owned a 16.5 percent stake of the tunnel in partnership with OMERS. The purchase price for the transaction is approximately US$312 million<\/span>, subject to customary closing adjustments.<\/p>\n

\n About Canadian Pacific
<\/b>Canadian Pacific is a transcontinental railway in Canada<\/span> and the United States<\/span> with direct links to major ports on the west and east coasts. CP provides North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of CP. CP-IR<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/cp-completes-acquisition-of-detroit-river-rail-tunnel-301197722.html<\/a><\/p>\n

SOURCE Canadian Pacific<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire CALGARY, Dec. 22, 2020 \/PRNewswire\/ – Canadian Pacific (TSX: CP) (NYSE: CP) announced today it has completed its previously announced agreement to purchase an 83.5 percent stake in the Detroit River Rail Tunnel from certain affiliates of OMERS, the defined benefit pension plan for municipal employees in the province of Ontario. CP previously owned a 16.5 percent stake of the tunnel in partnership with OMERS. The purchase price for the transaction is approximately US$312 million, subject to customary closing adjustments. About Canadian Pacific Canadian Pacific is a transcontinental railway in Canada and the United States with direct links to major ports on the west and east coasts. CP provides North American customers a competitive rail service with access … <\/p>\n

Continue reading “CP completes acquisition of Detroit River Rail Tunnel”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-404874","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCP completes acquisition of Detroit River Rail Tunnel - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cp-completes-acquisition-of-detroit-river-rail-tunnel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CP completes acquisition of Detroit River Rail Tunnel - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire CALGARY, Dec. 22, 2020 \/PRNewswire\/ – Canadian Pacific (TSX: CP) (NYSE: CP) announced today it has completed its previously announced agreement to purchase an 83.5 percent stake in the Detroit River Rail Tunnel from certain affiliates of OMERS, the defined benefit pension plan for municipal employees in the province of Ontario. CP previously owned a 16.5 percent stake of the tunnel in partnership with OMERS. The purchase price for the transaction is approximately US$312 million, subject to customary closing adjustments. About Canadian Pacific Canadian Pacific is a transcontinental railway in Canada and the United States with direct links to major ports on the west and east coasts. CP provides North American customers a competitive rail service with access … Continue reading "CP completes acquisition of Detroit River Rail Tunnel"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cp-completes-acquisition-of-detroit-river-rail-tunnel\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-22T22:33:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CA31938&sd=2020-12-22\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cp-completes-acquisition-of-detroit-river-rail-tunnel\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cp-completes-acquisition-of-detroit-river-rail-tunnel\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"CP completes acquisition of Detroit River Rail Tunnel\",\"datePublished\":\"2020-12-22T22:33:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cp-completes-acquisition-of-detroit-river-rail-tunnel\\\/\"},\"wordCount\":176,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cp-completes-acquisition-of-detroit-river-rail-tunnel\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CA31938&sd=2020-12-22\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cp-completes-acquisition-of-detroit-river-rail-tunnel\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cp-completes-acquisition-of-detroit-river-rail-tunnel\\\/\",\"name\":\"CP completes acquisition of Detroit River Rail Tunnel - 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