Nov 1 (Reuters) - Aecon Group Inc ::AECON JOINT VENTURE AWARDED CONTRACT FOR SECOND NARROWS WATER SUPPLY TUNNEL PROJECT IN BRITISH COLUMBIA.AECON GROUP INC - AWARDED A $267 MILLION CONTRACT BY METRO VANCOUVER FOR SECOND NARROWS WATER SUPPLY TUNNEL PROJECT IN BRITISH COLUMBIA.AECON GROUP INC - WORK WILL COMMENCE IN NOVEMBER 2018 AND PROJECT IS EXPECTED TO REACH COMPLETION BY END OF 2023.AECON GROUP INC - SCOPE OF WORK INCLUDES CONSTRUCTION OF TWO SHAFTS, ONE ON EACH SIDE OF BURRARD INLET, CONNECTED BY A 1,100-METRE TUNNEL.
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Oct 3 (Reuters) - Aecon Group Inc ::PRESS RELEASE - AECON AGREES TO SELL CONTRACT MINING BUSINESS TO NORTH AMERICAN CONSTRUCTION GROUP.AECON GROUP INC - TO SELL TO NACG SUBSTANTIALLY ALL OF ASSETS RELATED TO AECON'S CONTRACT MINING BUSINESS FOR $199.1 MILLION IN CASH.AECON GROUP INC - WILL CONTINUE TO OPERATE ITS CONTRACT MINING BUSINESS.AECON GROUP INC - NACG PAID AECON A $10 MILLION DEPOSIT, WHICH WILL BE APPLIED TO PURCHASE PRICE IF DEAL CLOSES AS CONTEMPLATED.AECON GROUP INC - BALANCE OF PRICE WILL BE PAID IN FOUR INSTALMENTS, WITH FIRST INSTALMENT OF $153.6 MILLION DUE AT CLOSING.AECON GROUP INC - IF SALE IS NOT COMPLETED DUE TO DEFAULT BY NACG OF OBLIGATIONS UNDER AGREEMENT, DEPOSIT WILL BE RETAINED BY AECON.
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Oct 3 (Reuters) - North American Construction Group Ltd ::NORTH AMERICAN CONSTRUCTION GROUP ANNOUNCES EXPANSION OF HEAVY CONSTRUCTION FLEET VIA AN ATTRACTIVE ACQUISITION.NORTH AMERICAN CONSTRUCTION GROUP LTD - DEAL FOR $199.1 MILLION IN CASH.NORTH AMERICAN CONSTRUCTION GROUP - EXPECT TRANSACTION TO BE ACCRETIVE TO EBITDA, FREE CASH FLOW AND EARNINGS.NORTH AMERICAN CONSTRUCTION GROUP - ANTICIPATE 2019 BASIC EARNINGS PER SHARE COULD EXCEED $1.60, SUBJECT TO TRANSACTION CLOSING BY END OF 2018.NORTH AMERICAN CONSTRUCTION - DEAL WILL BE FULLY FINANCED AT CLOSING THROUGH UPSIZED & EXTENDED CREDIT FACILITY WITH NACG'S EXISTING LENDERS.NORTH AMERICAN CONSTRUCTION - NACG INTENDS TO USE OPERATIONAL CASH FLOW TO DE-LEVER ITS BALANCE SHEET BY AROUND $150 MILLION OVER NEXT THREE YEARS.NORTH AMERICAN CONSTRUCTION - DEAL WILL BE FULLY FINANCED AT CLOSING THROUGH UPSIZED & EXTENDED CREDIT FACILITY WITH CO'S EXISTING LENDERS.NORTH AMERICAN CONSTRUCTION - $10 MILLION DEPOSIT PAID UPON SIGNING AGREEMENT; BALANCE DEAL PRICE TO BE PAID IN 4 INSTALMENTS.NORTH AMERICAN CONSTRUCTION - ENTERED DEFINITIVE PURCHASE & SALE AGREEMENT TO BUY HEAVY CONSTRUCTION EQUIPMENT FLEET & RELATED ASSETS OF AECON GROUP.NORTH AMERICAN CONSTRUCTION GROUP - TRANSACTION EXPECTED TO PROVIDE CO WITH OVER $220 MILLION OF ADDITIONAL ANNUAL REVENUE CAPABILITY.
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Oct 2 (Reuters) - Aecon Group Inc ::AECON AWARDED PIPELINE CONSTRUCTION CONTRACT BY TRANSCANADA FOR COASTAL GASLINK PIPELINE PROJECT IN BRITISH COLUMBIA.AECON GROUP INC - SA ENERGY GROUP, A 50/50 JV BETWEEN AECON AND ROBERT B. SOMERVILLE CO. LTD, HAS BEEN AWARDED $526 MILLION CONTRACT BY TRANSCANADA.AECON GROUP INC - SUBSTANTIAL COMPLETION OF CONSTRUCTION OF PIPELINE IS ANTICIPATED BY NOVEMBER 2021 AND FINAL COMPLETION IS EXPECTED BY END OF 2022.AECON GROUP INC - SA ENERGY GROUP HAS BEEN AWARDED A $526 MILLION CONTRACT BY TRANSCANADA CORPORATION.AECON GROUP INC - EARLY WORKS FOR SPREADS 3 AND 4 WILL COMMENCE IN MID-2019, WITH CONSTRUCTION STARTING IN JULY 2020.
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July 30 (Reuters) - Aecon Group Inc ::AECON ANNOUNCES PARTNERSHIP WITH MIKISEW GROUP OF COMPANIES AND MASTER SERVICE AGREEMENT FOR FORT HILLS OIL SANDS PROJECT.AECON GROUP INC - TWO INITIAL CONTRACTS AWARDED UNDER MSA ARE EXPECTED TO HAVE AN ESTIMATED AGGREGATE VALUE OF APPROXIMATELY $100 MILLION.AECON GROUP - WORK ON INITIAL PROJECTS BEGAN IN Q2 OF 2018, BOTH EXPECTED TO REACH COMPLETION IN Q2 OF 2019.
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July 26 (Reuters) - Aecon Group Inc ::AECON REPORTS SECOND QUARTER 2018 RESULTS, INCLUDING STRONG REVENUE, MARGIN AND PROFIT GROWTH, AS WELL AS RECORD BACKLOG OF $6.4 BILLION.Q2 EARNINGS PER SHARE C$0.13.Q2 EARNINGS PER SHARE VIEW C$0.09 -- THOMSON REUTERS I/B/E/S.REVENUE OF $755 MILLION FOR THREE MONTHS ENDED JUNE 30, 2018, WAS HIGHER BY $69 MILLION, OR 10 PER CENT, COMPARED TO Q2 OF 2017.RECORD BACKLOG AS AT JUNE 30, 2018 OF $6.4 BILLION.Q2 REVENUE VIEW C$676.1 MILLION -- THOMSON REUTERS I/B/E/S.
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July 18 (Reuters) - Aecon Group Inc ::AECON AWARDED PIPELINE CONSTRUCTION CONTRACT BY ENBRIDGE FOR LINE 3 REPLACEMENT PHASE 2 PROJECT IN MANITOBA.AECON GROUP INC - SA ENERGY GROUP JV HAS BEEN AWARDED A $282 MILLION CONTRACT BY ENBRIDGE PIPELINES INC.AECON GROUP INC - CONSTRUCTION IS EXPECTED TO COMMENCE IN AUGUST 2018, WITH ANTICIPATED SUBSTANTIAL COMPLETION BY END OF 2018.AECON GROUP - AWARD, COMBINED WITH AECON'S RECENT MAJOR PROJECT WINS, WILL SEE BACKLOG REACH RECORD LEVELS IN Q2 OF 2018.
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May 25 (Reuters) - China Communications Construction Co Ltd <601800.SS>::CHINA COMMUNICATIONS CONSTRUCTION CO LTD - ANNOUNCES TERMINATION OF DISCLOSEABLE TRANSACTION IN RELATION TO PROPOSED ACQUISITION OF AECON.RECEIVED ORDER OF GOVERNOR IN COUNCIL UNDER SUBSECTION OF INVESTMENT CANADA ACT DIRECTING NOT TO IMPLEMENT INVESTMENT.
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May 23 (Reuters) - Aecon Group Inc ::GOVERNMENT OF CANADA REJECTS AECON SALE TO CCCI.ARRANGEMENT BETWEEN AECON AND CCCI WILL NOT PROCEED.AECON GROUP- GOVERNOR IN COUNCIL ISSUED ORDER UNDER INVESTMENT CANADA ACT DIRECTING CCCI NOT TO IMPLEMENT ITS PROPOSED ACQUISITION OF AECON.AECON IS NO LONGER ACTIVELY PURSUING A SALE PROCESS..COMPANY HAS REINSTATED ITS SEARCH FOR A NEW CHIEF EXECUTIVE OFFICER.SPECIAL COMMITTEE OF BOARD OF DIRECTORS HAS BEEN DISSOLVED.
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May 23 (Reuters) - Aecon Group Inc ::CANADA BLOCKS CHINA'S CCCC INTERNATIONAL HOLDING'S BID TO BUY AECON GROUP -GOVERNMENT SPOKESMAN.
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