India, April 16 -- Canadian National Railway Co. (CNR.TO,CNI), a resource infrastructure ownership and operations, on Thursday announced that it has entered into a definitive agreement with Acadian Timber Corp. (ADN.TO) to acquire 90% interest in the Berland Resource Road in northwestern Alberta.
The deal represents the company's first strategic partnership in the forestry sector.
Following the deal, the company will own and operate over 300 kilometres of resource roads strategically located across Alberta.
The mill is a joint venture between entities controlled by Stern Partners and West Fraser Timber Co. Ltd., combining long-term private capital with one of North America's leading forestry operators.
Also included in the transaction i...