---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-071960"
form_type: "8-K"
ticker: "CP"
cik: "0000016875"
company_name: "CANADIAN PACIFIC KANSAS CITY LTD/CN"
filed_at: "2025-04-03T23:59:59+00:00"
generated_at: "2026-05-23T22:39:24.261540+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-071960
- form_type: 8-K
- ticker: CP
- cik: 0000016875
- company_name: CANADIAN PACIFIC KANSAS CITY LTD/CN
- filed_at: 2025-04-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/16875/000119312525071960/0001193125-25-071960-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16875/000119312525071960/d897253d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-071960
- JSON: https://secwatch.observer/filing/0001193125-25-071960.json
- Plain text: https://secwatch.observer/filing/0001193125-25-071960.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.