Canadian National Railway Company (TSX:CNR) acquired an unknown stake in Cape Breton & Central Nova Scotia Railway Limited from Genesee & Wyoming Inc. (G&W) for CAD 78 million on November 1, 2023. As reported, Canadian National Railway Company paid CAD 78 million in cash, net of cash acquired and including working capital adjustments. Post acquisition, a G&W subsidiary will continue to operate the Cape Breton & Central Nova Scotia Railway Limited line from Truro to Point Tupper, Nova Scotia. Northborne Partners served as financial advisor, while McInnes Cooper served as legal counsel to G&W.

Canadian National Railway Company (TSX:CNR) completed the acquisition of an unknown stake in Cape Breton & Central Nova Scotia Railway Limited from Genesee & Wyoming Inc. on November 1, 2023.