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Logistec acquires Sydney Coal Railway from Quebec Railway for US$11 million

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Logistec Corporation

On November 3, 2008, Logistec Corporation, a diversified cargo handler in eastern Canadian and U.S. ports, announced that it had acquired from the Quebec Railway Corporation Inc. all of the shares and inter-company debt of Sydney Coal Railway Inc. The aggregate net cash disbursement was $11 million. 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 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 (environmental); and Chloé Archambault (financing).


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