P&O Ports Canada Acquisitions

On February 25, 2003, P&O Ports Canada Inc., in Vancouver, a subsidiary of The Peninsular and Oriental Steam Navigation Company, a U.K.-listed company, acquired the assets of the Casco Terminals and Canadian Stevedoring businesses of BCR Marine, a division of British Columbia Railway Company, for $105.6 million. Casco Terminals operates Centennial Terminal, one of three container terminals in Vancouver. Canadian Stevedoring offers cargo handling services in ports throughout B.C. where it is the largest stevedoring organization on the Canadian west coast.

P&O was represented by Fasken Martineau DuMoulin LLP, with a team that included David Doubilet, Tom Barlow, Douglas Scott, David Coultice and Guiliana Marinelli (privatization and corporate), Charles Kazaz and Rosalind Cooper (environmental), Bill Bies and Paul Casuccio (tax), Anthony Baldanza, Angela Di Padova and Aaron Stefan (competition and Investment Canada), Alix Herber and Ralph Nero (employment and labour), Ian Kyer and Warren Sheffer (information technology), Donald Milner and Doug Grundy (creditors’ rights), Don Short (alternative dispute resolution) and Peggy McCallum (pensions).

The vendors were represented by Robert Pirooz, vice-president and general counsel, BCR Group, and by Borden Ladner Gervais LLP with a team led by Bob Shouldice, and including Noel Golden, Kareen Zimmer and Christine Ferguson (corporate/commerical), Deborah Overholt (environmental), Jeffrey Thomas (competition and Investment Canada) and Robert Kopstein (tax).