CANDOVER INVESTMENTS PLC - Sale of interest in DM & E Railroad Co.

PR Newswire UK Disclose, September, 2007

 
Press release 
 
For immediate release on 5th September, 2007 
 
Candover announces the sale of its interest in Dakota, Minnesota & Eastern 
Railroad Corporation 
 
Candover Investments plc ("Candover") announces that it has entered into an 
agreement to sell its interest in Dakota, Minnesota & Eastern Railroad 
Corporation ("DM&E") in order to facilitate a merger of DM&E with Canadian 
Pacific ("CP"). Candover originally invested in DM&E over 20 years ago. 
 
DM&E operates 2,500 miles of track in the Midwest USA and has been pursuing a 
strategy to become the third rail carrier that is needed in Wyoming's Powder 
River Basin. The Powder River Basin is North America's largest and most rapidly 
growing source of low-cost, low-sulphur coal as well as the largest single rail ...

            
        
    
    	    
                
                
	

		

					 
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