secwatch.observer — SEC 8-K summary
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Issuer:     CANADIAN PACIFIC KANSAS CITY LTD/CN (CP)
CIK:        0000016875
Form:       8-K
Filed at:   2025-04-03T23:59:59+00:00
Accession:  0001193125-25-071960
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16875/000119312525071960/0001193125-25-071960-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16875/000119312525071960/d897253d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-071960

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