Gaz Métro Completes Purchase of Interest in Intragaz Group

On December 31, 2004, Gaz Métro Limited Partnership completed the purchase of the interest held by Société générale de financement du Québec (SGF) in the Intragaz Group, a group specializing in underground natural gas storage facilities and the operator of the only two such facilities in Quebec, for a purchase price of $90 million, subject to customary adjustments.

Gaz Métro was represented by Christiane Jodoin, Emmanuelle Lamarre-Cliche and Max Rogan (corporate), Annie Demers (pension and benefits), Élaine Marchand (tax), Radha Curpen (environmental), Myriam Sarrazin (real estate) and Steve Samson (competition) of Osler, Hoskin & Harcourt LLP; and by Line Rivard, Pierre-Olivier Perras, Mathieu Cardinal, Nicolas Brunet, Daniel Barclay and John Booth of BMO Nesbitt Burns.

SGF was represented by McCarthy Tétrault LLP with a team that included Jean-René Gauthier, Frédéric Cotnoir and Louis Béland; by Paul St-Michel of National Bank Financial; and by Charles St-Germain of CIBC World Markets.