Thursday, February 21, 2008

Canadian National Railway: Government could be contemplating changes in ownership limits - report

Canadian National Railway, the listed Montreal, Quebec-based entity, could see the Government of Canada change ownership caps, the National Post said.
An unsourced section of a 21 February report focusing largely on possible changes to Canada's airline sector foreign-ownership regulations noted that the federal government could makes changes to Canadian National ownership limits. Under the current rules, no single investor can own more than 15% of the company's outstanding stock. According to the report, the government will not press ahead with any changes until a current review of the country's foreign-ownership and competition regulations is completed.
Canadian National's market cap is USD 25.42bn.


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