APM Terminals completed the acquisition of PCRC from CPKC and Lanco Group.

APM Terminals, a port operating company, completed the acquisition of PCRC, a railway line linking the Atlantic Ocean to the Pacific Ocean in Central America, from CPKC, a Canadian railway holding company, and Lanco Group, a construction engineering company. Financial terms were not disclosed. "We are pleased to have completed this transaction with APM Terminals, a part of A.P. Moller - Maersk, a key strategic partner of CPKC's and major customer of the Panama Canal Railway Company. The sale of this non-core asset creates value for our shareholders and reflects our commitment to optimize our assets as we focus on growing our core North American rail business through our unrivalled three-nation network connecting Canada, the United States and Mexico," Keith Creel, CPKC President and Chief Executive Officer.