Canadian Pacific to acquire the remaining stake in Detroit River Rail Tunnel from OMERS for $312m.

Canadian Pacific, a railway company, agreed to acquire the remaining stake in Detroit River Rail Tunnel, a tunnel operator, from OMERS, a private equity firm, for $312m. "This is an important corridor for CP and by taking full ownership, we can better operate the asset to the benefit of our customers and the North American supply chain. This strategic acquisition combined with our recent purchase of the CMQ will further integrate the eastern part of our network and create value for our shareholders," Keith Creel, Canadian Pacific President and CEO.