Federal Register #Docket No. FD 36914

Notice of Control Exemption for Cando Holdings and Alberta Investment Management over Savage Railroads

This notice from the Surface Transportation Board addresses a control exemption involving several rail companies and investment entities: - The exemption allows Cando Holdings (U.S.) Inc. and Alberta Investment Management Corporation to acquire control of Savage Bingham & Garfield Railroad LLC and Savage Tooele Railroad LLC, both Class III rail carriers. - The transaction involves the transfer of equity interests from Savage Infrastructure LLC to the acquiring parties. - The exemption is granted because the carriers are Class III, meaning prior approval is not required and certain regulatory requirements (labor protection, environmental review) do not apply. - No products, services, or procurement actions are involved in this notice. - The only organizations mentioned are Cando Holdings (U.S.) Inc., Alberta Investment Management Corporation, Savage Bingham & Garfield Railroad LLC, Savage Tooele Railroad LLC, Savage Infrastructure LLC, and Buckingham Branch Railroad Company. - The notice references related proceedings, including the U.S. Navy's interest in rail property for national security, but these are not procurement actions.

Description

This notice published by the Surface Transportation Board announces a control exemption involving Cando Holdings (U.S.) Inc. and Alberta Investment Management Corporation acquiring control of Savage Bingham & Garfield Railroad LLC and Savage Tooele Railroad LLC, both Class III rail carriers. The transaction involves the transfer of equity interests and does not require prior approval due to the nature of the carriers involved. The notice provides procedural details, legal context, and contact information relevant to stakeholders and interested parties.

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