By Kristine Owram and Frederic Tomesco, Bloomberg; April 24, 2018
Canadian National Railway Co. will consider selling additional real estate to free up cash that can be plowed back into its network.
Properties in Montreal and Calgary are among the assets that Canadian National could divest in the coming months, interim Chief Executive Officer Jean-Jacques Ruest said Tuesday in an interview in Toronto. The company has already sold about C$150 million ($117 million) of “non-core” assets this month, Chief Financial Officer Ghislain Houle told analysts Monday.
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