CPKC sells Panama Canal Railway Co. to APM Terminals; 2024 revenue $77M, EBITDA $36M

CANADIAN PACIFIC KANSAS CITY LTD/CN

CPKC and Lanco Group/Mi-Jack sold their 50/50 joint venture PCRC to APM Terminals, a Maersk division.
PCRC posted 2024 revenue of US$77M and EBITDA of US$36M.
CPKC calls the asset non-core; proceeds support focus on its North American rail network.
BofA Securities, Lazard Frères & Co., and Sullivan & Cromwell advised the sellers.
Transaction closed; purchase price not disclosed.

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