Ogilvy Renault LLP represents Montréal Exchange in its Strategic Partnership with New York Mercantile Exchange



    MONTREAL, March 27 /CNW/ - Ogilvy Renault LLP represented Montréal
Exchange (MX) in its strategic partnership with New York Mercantile Exchange
announced on March 23, 2007. MX, Canada's financial derivatives exchange,
together with NYMEX Holdings, Inc., the world's largest physical commodity
exchange, created Canadian Resources Exchange Inc., or "CAREX", the new
MX-NYMEX business venture dedicated to the Canadian energy market. CAREX will
offer trading and clearing services of over-the-counter and on-exchange
futures and options contracts with financial or physical settlement relating
to Canadian-based energy.
    In connection with the creation of CAREX, MX issued common shares to
NYMEX representing 10% of MX's outstanding share capital at an all-cash price
of C$29 1/3 per share, for aggregate gross cash proceeds to MX of
approximately C$90.9 million.
    Ogilvy Renault represented MX in both the strategic partnership and the
sale of shares, through a team comprised of Marc Lacourcière, Andrew Bleau,
Peter Wiazowski and David Millette.

    About Ogilvy Renault: Ogilvy Renault is a full-service business law firm
with close to 450 lawyers, patent and trade-mark agents practising in the
areas of business, litigation, intellectual property, and employment and
labour. Ogilvy Renault has offices in Montréal, Ottawa, Québec, Toronto, and
London (UK), and serves some of the largest and most successful corporations
in Canada, and in more than 120 countries worldwide. The firm was recently
named Best Law Firm in Canada by The International Law Office. For more
information, please consult www.ogilvyrenault.com





For further information:

For further information: Carly Black, (416) 216-1871,
cblack@ogilvyrenault.com; Caroline Emond, (514) 847-4723,
cemond@ogilvyrenault.com

Organization Profile

OGILVY RENAULT LLP - ENGLISH

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890