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 $49.8 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 $21 million.
The Canadian National Railway Company was represented by Olivier Chouc, assistant vice-president and general counsel, Sophie-Emmanuelle Chebin, counsel, and Mathieu Bergeron, counsel, and by Osler, Hoskin & Harcourt LLP with a team led by Christiane Jodoin and that included Etienne Massicotte, Thierry-Olivier Keable, Josée Kouri, Bastien Gauthier and Geneviève Filion (corporate), François Parent and Julien Ranger-Musiol (pension and benefits) and Mark Brender and Antoine Stébenne (tax).
Logistec Corporation and Logistec Stevedoring (Atlantic) Inc. were represented by Ingrid Stefancic, vice-president, corporate and legal services of Logistec Corporation, assisted by Fasken Martineau DuMoulin LLP with a team led by Louis Séguin and Claudette Allard and that included Pierre-Étienne Simard and Christine Anagnostou (corporate); Alain Ranger and Paul Cabana (tax); Charles Kazaz (environment) and Chloé Archambault (financing), and by McInnes Cooper with a team that included Bruce Marchand, Wayne Marryatt and Frank Hughes.
The Quebec Railway Corporation Inc. was represented in all the transactions by Lavery, de Billy, L.L.P. with a team led by André Vautour and that included Jean-Sébastien Desroches, Sarah Talpis-Guillet, Jamil Chammas and Sive Burns (corporate), and Dominique Bélisle (financial services), and by Pierre Laflamme of McCarthy Tétrault LLP as special tax counsel.