Cando Rail & Terminals Is Said to Explore $800 Million Sale
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Cando Rail & Terminals Ltd. is exploring a sale that could value the Canadian provider of railway services at about C$1 billion ($800 million), according to people familiar with the matter.
The Brandon, Manitoba-based company is working with an adviser to solicit interest from potential suitors, which include infrastructure and pension funds, said the people, who asked to not be identified because the matter isn’t public.