CN and Watco announced recently that they have reached an agreement for the sale of non-core lines and assets on the Soo subdivision (approximately 250 miles of track) that runs from Sault Ste. Marie, Ontario to Oba, Ontario and approximately 650 miles of branch lines of Wisconsin Central Ltd. in Wisconsin and Michigan. This marks the successful conclusion of the sale process that CN announced and launched in July of 2020.

Dentons represented CN with respect to the Canadian aspects of the transaction. The legal team was led by Mathieu Bergeron, Senior Counsel – Commercial Affairs at CN with the support of a Dentons team consisting of Robert Roth (Commercial / Transactional), Paul Shantz (Real Estate), Anneli LeGault (Employment and Labour), Sandy Walker (Competition), Mark Woltersdorf (Tax) and Sabrina Mach (Commercial).

For more information, read the official press release published by CN on March 30, 2021.

About Dentons

Across over 80 countries, Dentons helps you grow, protect, operate and finance your organization by providing uniquely global and deeply local legal solutions. Polycentric, purpose-driven and committed to inclusion, diversity, equity and sustainability, we focus on what matters most to you. www.dentons.com