THE Canadian Pacific Railway (CP) completed its purchase of an 83.5 per cent stake in the Detroit River Rail Tunnel from affiliates of Ontario Municipal Employees Retirement System (OMERS).
OMERS is a defined benefit pension plan for municipal employees in the province of Ontario.
Previously, CP owned a 16.5 per cent stake of the tunnel with OMERS. The purchase will cost CP US$312 million, subject to closing adjustments.
SeaNews Turkey
OMERS is a defined benefit pension plan for municipal employees in the province of Ontario.
Previously, CP owned a 16.5 per cent stake of the tunnel with OMERS. The purchase will cost CP US$312 million, subject to closing adjustments.
SeaNews Turkey