BC Ferries restructures

Date Closed: 4/02/2003

Value: $503 million

In connection with BC Ferries Corporation's restructuring, B.C. Ferry Authority acquired the common shares of British Columbia Ferry Services Inc., which owns ferry and related assets valued at $503 million. The deal closed on April 2, 2003.

British Columbia Ferry Services was represented by Alex Petrenko of Clark, Wilson, and by Janette Pantry (tax) of BLG.